How globalization and the international environment affected companies
Watch the Shark Tank Clip Made in America: https://uhdmediasite.uhd.edu/Mediasite/Play/67a50214dab94477ad5738f7fe7eff8b1d
Then answer the following questions:
How has globalization and the international environment affected companies that you deal with (your employer, places you shop at, etc.)? What are the positives and negatives of these effects? Are there ethical considerations for companies with regards to globalization? If yes, please explain.
Globalization has had a significant impact on companies that I deal with, both positive and negative.
- Lower prices: Globalization has led to lower prices for consumers. This is because companies can now produce goods and services in countries with lower labor costs and other expenses.
- More choices: Globalization has also given consumers more choices. Companies can now sell their products and services in markets all over the world, which means that consumers have a wider range of products and services to choose from.