Globalization and International Business

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Where does Samsung, the largest South Korean business conglomerate, sell most of its products?

To other countries

What has caused much of the world's population to be embittered by globalization?

The slow recovery from the global financial crisis

What is one of the new challenges of globalization?

To forge cooperation between the public and its constituents

What has disrupted many industries and left many without jobs?

<p>The new Industrial Revolution</p> Signup and view all the answers

Why should you try to anticipate and adapt your approach to global issues?

<p>To be effective in the workplace</p> Signup and view all the answers

What is crucial for managers to understand when working with people from different cultures?

<p>How to adapt their communication style to accommodate cultural differences</p> Signup and view all the answers

What is essential for managers to consider when operating subsidiaries abroad?

<p>Both national and local regulations</p> Signup and view all the answers

What can understanding local regulations lead to in business?

<p>Success in the market</p> Signup and view all the answers

How have people adapted to changes in the economy and demographics?

<p>By adapting to survive</p> Signup and view all the answers

What has been a popular option for younger educated workers in recent years?

<p>Starting their own companies</p> Signup and view all the answers

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