The following are important advantages of Globalization
- Customer have access to quality products
- The organization has more buyers
- The more output result in lower unit fixed cost
- The technological transfer to developing countries
- The skills improvement of people around the world
- The introduction of improved business practices
The following are limitations of Globalization
- The one product cannot serve the globe
- The currency exchange issue
- Cultural issues
- Lack of infrastructure facilities
- Lack of skilled labor
- Languages problems
No comments:
Post a Comment