The Globalization of Business Has Caused Many Changes in How

question 86

Essay

The globalization of business has caused many changes in how enterprises are managed.One such change is illustrated by U.S.enterprises obtaining loans denominated in foreign currencies.
Identify reasons why such borrowings may occur.

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Definitions:

Variations

Refers to differences or deviations in characteristics, outcomes, or occurrences within a group or between groups.

TQM

Total Quality Management is a comprehensive approach to organizational management that seeks to improve quality and performance which will meet or exceed customer expectations.

Fishbone Diagram

A visual tool used to systematically identify potential factors causing or contributing to a particular problem, also known as Ishikawa or cause-and-effect diagram.

facets

Different aspects or sides of something.