INSTRUCTIONS:
Answer each of the following questions in PARAGRAPH format. DO NOT write your answers in a bulleted format.
Your response to each question should be a minimum of 300 words.
The answers you provide are submitted to Turnitin; therefore, DO NOT copy and paste content from the Internet, periodicals, journals, publications, articles, or students’ papers (TURNITIN will catch this, which will have a MAJOR impact ).
Make sure to number each question; however, DO NOT include the question before your response. Your answers should look like this in the textbox provided:
1.Response…
2.Response…
3.Response…
4.Response…
Questions:
1. Given your knowledge of PESTLE, what factors (of PESTLE) do you think that COVID-19 (Coronavirus) impacts the most? Explain your answer in detail.
2. Regarding what you learned about the ways that companies engage in foreign trade, how might companies react based on the evolving COVID-19 situation? Your answer should include a particular mode or particular mode(s) of entry that may be most affected.
3. Regarding Question 2, provide reasons why companies may not be able to adapt?
4. In your first assignment, you wrote about your thoughts on globalization. Given the current situation we are experiencing due to COVID-19, has your perspective changed? If your viewpoint has or has not changed, please explain in detail your reasoning.
Below I am attaching My 1st assessment on Globalization for you just to have an idea what I wrote in my assessment before for you to be able to write RESPONSE 4.
1st assessment. – Globalization
Globalization refers to the universal effort and collaboration of the public and private sector towards economic-financial hitches and ethnic integration. This integration occurs through allowing and increasing cross boundary passage and transfer of individuals, capital, data, goods and services. Besides, it involves the abolition of duties and non-tariff trade barriers , aims to liberalization venture guidelines (Suša, 2021). Globalization has numerous implications for economic, social and political activities worldwide. For instance, globalization has encouraged organizations to internationalize and has increased the volume and types of cross border transactions in goods, services and capital.
Moreover, it has led to the rapid distribution and diffusion of products, technology and knowledge around the globe. Also, it has led to the rise of new industries and more jobs in developing countries (Xu et al., 2021). However, globalization has resulted in negative implications. For instance, it has forced poorer countries to do whatever the big developed countries tell them to do. Besides, globalization has eliminated all the barriers, but there are still many trade barriers. Furthermore, multinational corporations can exploit tax havens in other countries to avoid paying taxes. This generally means that globalization has both positive and negative implications around the globe.
