Question: Please help with the following questions: Globalization has contributed to the reduction of international barriers and has also contributed to the spread of ideas and

Please help with the following questions:

  1. Globalization has contributed to the reduction of international barriers and has also contributed to the spread of ideas and trends around the world. This means that these days, people know more about people in other parts of the world. Still, cultures persist, and social values vary among nations.

In your opinion, how important is it for a multinational corporation to practice and promote diversity, equity, and inclusion in its human resource practices? Explain why.

2. Explain how market data analysis helps supply chain managers produce the right product, at the right time, and for the right target market.

3 Define globalization and state the current challenges globalization is facing.

4 How could a multinational corporation benefit from investing in a poor or developing economy?

5 What does the term culture mean? And how do cultural differences affect international businesses?

6 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?

7 What are tariffs? And how do high tariffs affect the international businesss selection of a country that it is considering importing its products to?

8 What are the key differences between global standardization strategy and localization strategy ?

9 What factors should an international business that markets products in multiple countries consider before they design their marketing advertisement?

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