scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,665
A brief introduction and know how globalization and standardization of markets through expressing different view points and examples in living world of globalization of markets First of all we will understand the meaning of Globalization According to the International Monetary Fund defines Globalization as the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services free international capital flows and more rapid and widespread diffusion of technology Meanwhile The International Forum on Globalization defines it as the present worldwide drive toward a globalize economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governmentsNowadays people are not limited to their origins and cultural or places of business As the Technological changes have occurred in the international commercial arena people are seeking best possible alternatives of the product at the most economic price Some of the statesman of the marketing world have argued that worldwide marketplace has because so homogenized that multinational companies are able to market there standardized products and services all over the world Secondly we can understand what does Standardization meansStandardization in the context related to technologies and industries is the process of establishing a standard among competing entities in a market where this will bring benefits without hurting competition Despite the important benefits of standardization which could be seen from a companys vast expansions in global arena there are also many short comes to the application of standardized marketing practices and policies In my view point the writer of the globalization of markets explains that When the global seller or businessman sells his or her product at much lower Cost in the international market he or she would have
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA