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Questions and Answers
Which types of transactions are considered part of global business?
Which types of transactions are considered part of global business?
- Import export trade and domestic investment
- Import export trade and local business transactions
- Import export trade and foreign direct investment (FDI) (correct)
- Import export trade and online retail transactions
What are some key trends shaping the business landscape as of September 2021?
What are some key trends shaping the business landscape as of September 2021?
- Traditional business practices, In-person work, Brick-and-mortar retail
- Digital Transformation, Remote Work, Ecommerce (correct)
- Manual processes, Centralized work, Offline transactions
- Paper-based operations, On-site work, Physical stores
What is the impact of the COVID-19 pandemic on remote work?
What is the impact of the COVID-19 pandemic on remote work?
- It led to the complete elimination of remote work
- It decreased the popularity of remote work
- It accelerated the adoption of remote work (correct)
- It had no effect on remote work
What is the purpose of digital transformation in businesses?
What is the purpose of digital transformation in businesses?
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What work model has become more common due to the adoption of remote work?
What work model has become more common due to the adoption of remote work?
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Study Notes
Global Business Transactions
- Exporting and importing of goods and services
- Foreign direct investment (FDI) in a business or real estate
- Licensing and franchising agreements
- Management contracts and outsourcing
- International strategic alliances and partnerships
Business Landscape Trends (as of September 2021)
- Growing importance of technological advancements and digitalization
- Increasing focus on sustainability and environmental, social, and governance (ESG) considerations
- Rising popularity of remote work and virtual teams
- Growing need for businesses to adapt to changing global circumstances and market trends
Impact of COVID-19 on Remote Work
- Accelerated shift to remote work due to pandemic restrictions and lockdowns
- Increased adoption of digital communication and collaboration tools
- Changes in employee behavior, with more emphasis on work-life balance and flexibility
- New challenges for businesses, including maintaining productivity, security, and employee engagement
Digital Transformation in Businesses
- Integration of digital technology into all areas of business, including operations, products, and services
- Aim to improve efficiency, reduce costs, and enhance customer experiences
- Involves cultural and organizational changes, as well as technology adoption
Work Model Trends
- Hybrid work model, combining remote and in-person work, has become more common due to the adoption of remote work.
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