Explain the Issue of Different Time Zones and Its Impact

question 10

Essay

Explain the issue of different time zones and its impact on companies that operate in many global regions.

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Definitions:

Profit-maximizing

The process or strategy of adjusting production and operation to generate the highest possible profit.

Many Buyers

A market condition characterized by the presence of numerous consumers or purchasers for goods and services.

Many Sellers

A characteristic of competitive markets where a large number of sellers offer similar or identical products, preventing any single seller from influencing market prices.

Distinguish

To recognize or treat someone or something as different from others.