global businesses
Global businesses are companies that operate in multiple countries around the world. They engage in international trade, selling products or services across borders. These businesses often adapt their strategies to meet the needs of different markets, considering local cultures and regulations. Examples include multinational corporations like Coca-Cola and Apple.
These companies benefit from a larger customer base and can achieve economies of scale, which can lower production costs. Global businesses also face challenges such as navigating diverse legal systems and managing supply chains across various regions. Their operations can significantly impact local economies and employment.