Describe Three Types of Social Networks and How They Are

question 99

Essay

Describe three types of social networks and how they are used.

---

Definitions:

Global Sourcing

The practice of sourcing goods and services from the global market across geopolitical boundaries, aiming to exploit global efficiencies in the delivery of a product or service.

Intellectual Property Rights

Legal rights granted to individuals or organizations over their creations, ideas, designs, and inventions, allowing them to control and profit from their use.

Foreign Exchange

The process of converting one currency into another currency, an essential aspect of global commerce and finance.

Political Risk

The risk of losing assets, earning power, or managerial control as a result of political actions or instability in the country of operation.