| A | B |
|---|
| globalization | flow of ideas across national borders |
| Internet | the technology that has had the most influence on globalization |
| Culture and Ideas | Globalization helpt to spread these |
| Politically | The world has become more open in this way since the fall of cCommunism and the Cold War |
| Business | This is an advantage of globalization to this group bcause of the lowering of some costs of resources |
| Business Innovation | The free excahnge of ideas helps to contribute to greater this |
| Consumers | Globaliazation has allowed this group to have a bigger and better variety of products to choose from |
| Brain Drain | When a country loses talented employees to better opportunities overseas |
| Offshoring | Sending jobs overseas |
| Increased production | Why environmental degradation occurs due to golbalization |
| language | one of the biggest barriers that separates countries |
| culture | unique customs of food, clothing, education, business, etc |
| Expansion | The main reasons for business doing this in foreign markets is to build brand value, make more money, and remain competitive |
| Taxes | A company might organize itself under the laws of a different country to save on these |
| Exporting | Selling domestic goods in foreign markets |
| Licensing | When one company allows another to produce and market its products in exchange for royalties |
| Franchising | COntractual agreement between a parent company and a franchisee to distribute goods/services |
| Costs | One advantage of a joint venture is that these along with other risks can be shared |
| Existing Firm | A company can create a wholly owned subsidary by building a facility or by buying one of these in another country |
| Multinational Firm | The highest level of involvement where a company operates on a worldwide scale |
