Global Business

Brain drain means

• Brain development

• The emigration of highly trained or qualified people from a particular country

• People working in artificial intelligence

• Bain connection

Global business and international business is same

• True

• False

Globalization gives businesses the opportunity to expand into new markets, reach international buyers, and increase revenue.

• True

• False

To cooperate globally, companies must share similar technology and a technological structure . A centralized knowledge base allows companies to transfer information and develop innovative solutions quickly.

• advantage

• disadvantage

A trade imbalance, also known as a trade deficit, occurs when a country spends more on imports than it makes on exports.

• True

• False

When industrialized countries outsource labor, it causes a shortage of jobs domestically.

• advantage

• disadvantage

The process of globalization may lead to a stripping away of cultural identity

• advantage

• disadvantage

A company that operates facilities (such as factories and distribution centers) in many countries around the world.

• Local business

• Regional Business

• International business

• Global business

Selling products worldwide but has facilities only in its home country.

• Local Business

• International Business

• Regional Business

• Global Business

Globalization can be defined as the interdependence of world economies

• True

• False