Assignment: Select a U. S. company with global operations. Respond to the following:
1. Discuss the firm's activities outside the U.S.
2. Identify which economic concepts, such as comparative advantage, apply to your firm.
3. Explain how these economic concepts can be used to address the firmâ??s problems and opportunities?
4. Identify which economic and political policies affect your firm and explain how they impact business decisions.
5. How does your firm use technology to strategic advantage?
6. Discuss the impact of globalization on the firm. Are there any effects on its cost structure, markets, currency risk, and overall strategy? Be sure to provide a definition of globalization in your answer.
Objective:
- Explain the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
- Critically analyze and evaluate real-life economic problems and opportunities by applying economic concepts, principles, and theory.
- Examine current global economic and political policies and their impact on business decisions.
- Discuss the opportunities provided by technology for businesses.