Global Businesses - John B

What are Global Businesses? A global business is a corporate or company that includes in economic activities across different countries.

Advantages You can reduce dependence on the markets you’ve developed. You can exploit corporate technology. Learn how to compete with foreign companies. You can extend the sales life of existing products and services by selling them to new markets.

Disadvantages Gains won’t be short term Must hire a lot of staff Must know regulations and tax laws in foreign countries.

Reasons to go global 1. Diversify your markets and customer base. 2. Extend the sales life of current products. What’s already established here could be a hot new item elsewhere. 3. Reduce dependence on current markets by spreading your risk. 4. Counter seasonal fluctuations. If you sell a seasonal product, when it’s summer here, half the world is experiencing winter and vice versa. 5. Learn how to compete and grow, and you may want to expand from market to market.

E-commerce - Activity of buying or selling goods from online services.

Why is e-Commerce so important? E-commerce is so important simply because we are getting more and more into the digital world 21 to 40% of business’s funds are directly result of e- Commerce Funds that come from e-Commerce are estimated to be roughly 1.2 trillion dollars by 2021. Getting the goods is quick and reliable. Add a footer

Large image Annual Salary and Job Outlook Requires Master’s Degree Range around $47,190 to $132,230 a year Competition with other companies Prepare employees for foreign travel and business dealings

Global Competition - The services or product provided by competing companies that serve international customers. Increased profits The value of time in certain countries is considered high and is seen as unprofessional 

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Top ten global franchises

Citations https://bizfluent.com/info-8172773-global-business-advantages-disadvantages.html https://www.entrepreneur.com/article/159252 https://www.elandersamericas.com/integrated-solutions/global-print-management/importance-of-ecommerce/