[Get Solution] The Changing Business
Questions 2Globalization is often praised for its role in economic development but criticised for its environmental impacts. There have been winners and losers for countries, businesses, and individuals.page2image7811648Discuss ways on how a global collaboration could reduce the environmental impact, while still supporting economic development. Provide THREE well explainedsuggestions.Question 3 [20 Marks]The Covid-19 pandemic has affected the stability and certainty in the global business environment. Growth forecasts for all regions around the world have been severely downgraded.Discuss THREE economic challenges companies face, especially those that have taken a global view of their business strategies.Question 4 [20 Marks]Governments often feel responsible for the economic well-being of their citizens.Discuss THREE different ways in which a governments trade policy can be shaped by national interests.Question 5 [20 Marks]The Product Life Cycle theory suggests that manufacturing is often shifted to lower costlocations. To lower the cost of production, manufacturing companies in these locations oftenuse migrant labour.page3image7728000List FOUR main elements of organisation culture; andDiscuss TWO social and cultural challenges of the use of migrant labour for manufacturing companies involved in global supply chains.
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