Student nameCourse titleInstructorDateo Describe the "stages of Global Business Development". What are the implications? Operating in the home country and selling products in other countries. The implication isthat you may face stiff competition from the local producers. Setting up a foreign subsidiary to handle sales in the foreign market. Implication is thestringent rules the business may find since some countries still protect their domestic firmsfrom competition emanating from foreign business. Operate an entire line of business in another country. Implications is quality standards ofthe manufactured goods in the foreign country could differ from the mother companysproducts Operate virtually across the globe through the use of e-commerce platforms such asAmazon, e-Bay, and Alibaba. Implication is the delivery delay caused by third-partybusinesses used in distribution which is out of the control of the manufacturer.o What are the goals & problems with global marketing standardization?The goal is to lower the cost of production and marketing while at the same time offering similarbrands across the world. Standardized products may not perform well in some areas due to thedifference in cultural values such as failure of McDonald in India as a result of failing to takeinto account that Indians do not eat beef.o Describe in detail each element in the external environment facing globalmarketingThe external environmental forces affecti ...
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