Question

Globalization is not a new phenomenon. Select your favorite product made from a global organization. Provide a brief description of the product and the organization that develops the product.

Answer the following questions:

What are the advantages and disadvantages of the product sold internationally?

What would be the advantages and disadvantages if the product were sold solely in the United States?

Answer 1

Consider Shoes of Brand X as my favourite product

1) the advantage of the product sold internationally would be that the company can generate more revenue as a result of this the economy can be flourished and more employment can be generated and the disadvantage of the product being sold internationally is the other way is also possible in this case with which other company shoes can be imported as a result of thisit can pose of competition on the whole and the domestic market can be affected

2) the product sold only in the United States, advantage is that it can be manufactured according to the convenience and preferences of the local people itself with which very less research is required and the chances of the company succeeding would be better. However the disadvantage is that it can manufacture at a higher cost with which the price will also be high when compared to that of other countries due to comparative disadvantage.