BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Multinational – A business strategy that involves selling products and services in different foreign markets without changing the characteristics of the product/service to accommodate the cultural norms or customs of the various markets.

Detailed explanation-2: -A product that is sold to the global market is called an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in the current account section of a country’s balance of payments.

Detailed explanation-3: -A global business is a company that operates facilities (such as factories and distribution centres) in many countries around the world. This is different from an international business, which sells products worldwide but has facilities only in its home country.

Detailed explanation-4: -Global Business refers to business that is conducted across national borders. Firms face difficult challenges due to differences in country-specific political, economic, social, cultural, technological, institutional, regulatory, and organizational contexts.

Detailed explanation-5: -For example, the global environment includes trade laws that can influence Choco Talk’s ability to import necessary ingredients, like cocoa from various countries. Engaging in the global environment can be highly beneficial for a company, and it can also be extremely risky.