Please answer the given essay questions with a minimum of 100 words. Be as specific as possible.
Question 1. Globalization is a word used frequently. Without using a dictionary definition, describe what globalization is, what are the advantages of globalization, and what are the disadvantages of globalization.
Question 2. Define what a) a business plan is; b) the different parts to a business plan; and c) the reason why a business would use a business plan when entering the global market.
Question 3. What is a capital budget? Why is it important to any organization? How does it help a business?
Question 4. When entering a global marketplace, what are the steps a business should take in order to minimize problems?
Question 5. What factors determine whether or not to enter a global market?