Identify Three Important Decisions a Business Must Make Before Deciding

question 158

Essay

Identify three important decisions a business must make before deciding to go global.

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Definitions:

Human Capital

The abilities, expertise, and experiences held by a person or group, considered in relation to their worth for an organization.

Surplus

An excess of resources or assets beyond what is needed, often referring to budgetary or inventory contexts.

External Supply

The provision of goods or services from outside the organization, often through contracts or purchases from external sources.

Labour Markets

The supply and demand dynamics of labor, where employers seek to hire workers and workers seek employment.