Globalization is the ability of a company or organization to operate on an international level. Globalization is more like creating a brand in different countries globally as shown by Wells, Shuey and Kiely(Pg 1). For example, a brand like Coca-Cola is a global brand. Obviously, there are many advantages for a company that is global

The Gross Domestic Product is the key indicator, which is used by different experts to gauge the stability of the economy. It measures the total dollar value of final services and goods, which are produced in the state in a particular period. Investors evaluate it using graphs and other statistical tools to determine whether there

Impediments of Professionalizing Family Firms The modern business world is dynamic, and the high rate of globalization has intensified competition, which has created a need for family businesses to professionalize to boost their innovativeness that is essential for survival. Family firms are enterprises that the founder, spouse, or children control all or majority of the

1. Define tariffs and how they are calculated. How can tariffs help or hinder a nation’s economy? Tariffs are taxes imposed by the government on those services and goods imported from other nations to serve the purpose of increasing price and making imports less desired or reducing competition with goods and services that are domestically

Why is it important for companies to prepare profit and loss statements? The profit & loss account provides information about an enterprise's income and expenses which result in net profit or net loss. It helps a businessman to evaluate the performance of an enterprise and provides a basis for forecasting future performance. It also provides

Marketing is the act of buying and selling commodities. Social media is an internet- based platform and a worldwide thing, and it is currently used for marketing. Most people nowadays are using media for various reasons: marketing since it captures the attention of many (Syrdal & Briggs, 2018). Also, according to Statista, over three billion

Introduction The body shop is a multinational corporation that is based in the United Kingdom. It is the global manufacturer and the best retailer of natural and ethically inspired cosmetics products. The company has undergone tremendous growth over the years since its establishment in the year 1976 by Anita Roddick. The body shops have spread

Introduction For a business to succeed in a business environment, it must practice financial management (Korir , 2016). Financial management plays a key role in ensuring the business is compliant with regulations within the business jurisdictions. Financial management aims to maximize the shareholders' wealth by investing the generated capital effectively and efficiently (Pandey, 2015). Besides,

Having been founded in 1984, Lenovo Group Limited, as a technology company dealing in the designing, manufacture, and sale of electronic items like tablets, and smart television among other electronic gadgets among its products, has since undergone growth prodigiously. In 2019 for instance, the brand, Lenovo, had claimed up to 24.7% in terms of the

Introduction In this article, we will discuss the Apple Computer Company, a multinational corporation since it has a global view as its products are used worldwide and known for quality machines. It deals in various services, including; production of personal computers, internet services, software, and various electronics. Apple was founded in the year 1976 on