Select a US company with global operations.
- What are the firm's activities outside the US?
- Identify which economic concepts, such as comparative advantage, apply to your firm.
- Explain how these economic concepts can be used to address the firm's problems and opportunities?
- Identify which economic and political policies affect your firm and explain how they impact business decisions.
- How does your firm use technology to strategic advantage?
- Discuss the impact of globalization on the firm. Are there any effects on its cost structure, markets, currency risk, and overall strategy?
What is the definition of globalization?