ADMS 1000 Chapter Notes -Adolph Coors, Multinational Corporation, Outsourcing
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ADMS 1000 Full Course Notes
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One that involves many more players than a local business and its domestic market. Involves many stakeholders, including domestic and foreign competitors, workers industries, governments, national cultures and economies. A process involving integration and interdependence of world economies. A process involving integration and interdependence of world markets- consumer preferences are converging around the world, marketing their goods and services worldwide, businesses will set up operations wherever it is least costly to do so. Globalization can be considered a process that is expanding the degree and forms of cross border transactions among people, assets, goods and services. Refers to the growth of in direct foreign investment in regions across the world. Reflects the shift toward increasing economic interdependence: the process of generating one, single, world economic system or global economy. Pull factors- the reasons a business would gain from entering the international context. (what is happening in other countries)