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Impact of Globalization on Business
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Flashcards
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Cultural Globalization
Influence of diverse cultures on business practices and consumer expectations.
International Trade Policies
Regulation adjustments and strategies for navigating trade agreements and tariffs.
Global Supply Chain Management
Optimization and risks associated with a globally dispersed supply chain.
Global Labor Markets
Access to a broader workforce and considerations around labor costs and practices.
Technological Advancements
Harnessing global tech trends and innovations to maintain competitive advantage.
Currency Fluctuations
Financial exposure management due to varying currency exchange rates.
Consumer Behavior Shifts
Adjustments to global marketing strategies due to changing preferences and behaviors.
Foreign Direct Investment (FDI)
Strategic considerations for investing and operating in foreign markets.
Global Intellectual Property Rights
Protection of intellectual property in a globally interconnected business landscape.
Economic Integration
The impact of regional and global economic integration on business strategies.
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