Globalisation is precisely defined as making a product or a service available to the global market. It has brought many changes to the field of businesses. For instance if we consider the development of business right from the harappan civilisation to the modern world we live it has seen a lot of changes in its course duration. This process started by trading food items in exchange of the other basic necessities. And then evolved to the action of exchanging the gold, silver, and bronze coins to access the basic needs like food, clothing, and shelter. And then came came a major change in this economic process, i. e use of capital and that to different value for each countries currency respectively, and this led to the process of globalisation giving rise to a common platform to the local and international markets. By considering the current scenario the capitalisation is at it’s peak. As we are tending to use cryptocurrency, like bitcoins etc. As every thing has both pros and cons, this also does.
Whereas, pros include international products being marketed in a way that they are available to almost all the folks of the society, also leading them to be available locally all the way from the global markets. for example, BMW car is manufactured and finished in Germany, but also can be accessed and used by rest of the people in the world.
Following another example of an Apple (iPhone) is designed in the United States and assembled in China, and then exported to all parts of the world. considering the cons, the major disadvantage of globalisation is the cost of the products being produced and made available to the people. All the expenses of branding, marketing, export taxes are imposed on customers making it unaffordable by many people. If we consider the above mentioned examples both the brands are way too expensive to be affordable.
Globalisation
is
precisely
defined as making a product or a service
available
to the global market. It has brought
many
changes
to the field of businesses.
For instance
if we consider the development of business right from the
harappan
civilisation
to the modern world we
live
it has
seen
a lot of
changes
in its course duration. This process
started
by trading food items
in exchange of
the other
basic necessities
. And then evolved to the action of exchanging the gold, silver, and bronze coins to access the basic needs like food, clothing, and shelter. And then
came came
a major
change
in this economic process, i. e
use
of capital and that to
different
value for each
countries
currency
respectively
, and this led to the process of
globalisation
giving rise to a common platform to the local and international markets. By considering the
current
scenario the
capitalisation
is at
it’s
peak. As we are tending to
use
cryptocurrency, like bitcoins etc. As every thing has both pros and cons, this
also
does.
Whereas, pros include international products
being marketed
in a way that they are
available
to almost all the folks of the society,
also
leading them to be
available
locally
all the way from the global markets.
for
example, BMW car
is manufactured
and finished in Germany,
but
also
can
be accessed
and
used
by rest of the
people
in the world.
Following another example of an Apple (iPhone)
is designed
in the United States and assembled in China, and then exported to all parts of the world.
considering
the cons, the major disadvantage of
globalisation
is the cost of the products
being produced
and made
available
to the
people
. All the expenses of branding, marketing, export taxes
are imposed
on customers making it unaffordable by
many
people
.
If
we consider the above mentioned examples both the brands are way too expensive to be affordable.