Asked by Taylor Eakin on Jun 28, 2024
Verified
Identify three reasons behind the trend toward expansion into global markets.
Global Markets
The international exchange of goods and services, encompassing the interconnected economies of countries worldwide.
- Investigate the components impacting strategies in global human resource management, particularly in areas of compensation, benefits, and skill development requirements.
Verified Answer
ST
Steve TorresJul 03, 2024
Final Answer :
1. Foreign countries can provide a business with new markets in which there are millions or billions of new customers.
2. Companies set up operations overseas because they can operate with lower labor costs.
3. Thanks to advances in telecommunications and information technology, companies can more easily spread work around the globe, wherever they find the right mix of labor costs and abilities.
2. Companies set up operations overseas because they can operate with lower labor costs.
3. Thanks to advances in telecommunications and information technology, companies can more easily spread work around the globe, wherever they find the right mix of labor costs and abilities.
Learning Objectives
- Investigate the components impacting strategies in global human resource management, particularly in areas of compensation, benefits, and skill development requirements.
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