GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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business which operates internationally
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helps companies determine how to gain a competitive edge and position themselves so customers buy from them, and only them
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distinguishes an organization’s product or service from competitors due to certain unique characteristics
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demographics, cultural aspects, population growth rate
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economic growth, supply and demand, interest rates
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Detailed explanation-1: -A multinational enterprise (MNE) is a company that has a worldwide approach to markets, production and/or operations in several countries.
Detailed explanation-2: -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-3: -A global enterprise is one which owns and manages the functions in two or more countries. for example-Unilever Ltd, Coca-Cola, Samsung etc.
Detailed explanation-4: -Multinational corporations are a tangible example of globalization. Some examples include the following: McDonald’s had 39, 198 fast-food restaurants in 119 countries and territories, according to its Securities and Exchange Commission filing at the end of 2020.
Detailed explanation-5: -International business works by exchanging goods and services outside borders. For example, if country A imports or exports goods or services from country B, the transactions happen outside their respective borders. The payment is made in their respective currencies through foreign exchange.