Please explain each sentences further. Thank you!

 1. Planning to expand the business on a worldwide scope.
 2. Giving up the distinction between domestic and foreign market and instead developing a global outlook of such business.
 3. Locating the production and the physical facilities of the business by considering global business dynamics irrespective of national consideration.
 4. Creating product development and production planning on a global market sphere.
 5. Global sourcing of the factors of production such as raw materials components, machinery, technology, finance, and others that are obtained from the best source anywhere in the world.
 6. Global orientation or organization structure and management culture.

 

What are the benefits of an organization entering global production? What are the disadvantages? Can you provide an example why a business would not want to pursue global production?

Explain how changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes? How do the Internet and the associated World Wide Web affect international business activity and the globalization of the world economy?

A) Explain how changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes?
B) How do the internet and the associated World Wide Web affect international business activity and the globalization of the world economy?