Question: 1 - Define globalization and state the current challenges globalization is facing. 2 - How could a multinational corporation benefit from investing in a poor

1- Define globalization and state the current challenges globalization is facing.
2- How could a multinational corporation benefit from investing in a poor or developing economy?
3- What does the term culture mean? And how do cultural differences affect international businesses?
4- Assume that a multinational corporation is searching for a foreign country to open a production facility in. How do the concepts of comparative advantage and comparative disadvantage affect the corporations country selection?
5- What are tariffs? And how do high tariffs affect the international businesss selection of a country that it is considering importing its products to?
6- What are the key differences between global standardization strategy and localization strategy?
7- What factors should an international business that markets products in multiple countries consider before they design their marketing advertisements?
8- How has COVID-19 affected the supply chain around the globe? And what contingency plans could international businesses put in place to prevent future supply chain disruptions?
9- How do cultures and legal systems affect the hiring practices and the incentive system in international human resource management?
10- What makes a country attractive for international business? List key factors youve learned in this course.

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