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“What is globalization and what is the significance of the term ‘slowbalization’”? “What is the meaning of ‘Supply Chain Management’, and what major disruptions are causing Best Buy’s shelves to be so empty of merchandise?” ......
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Running Head: ESSAY
1
Mock-Job-Interview
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ESSAY
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Mock-Job-Interview
Question 1
Best Buy is known for increasing its interdependence in the business and technological
world, resulting in continuous growth in terms of the scale of international trade of its products
and services. This has resulted in the flow of cross-border capital and the rapid spread of Best
Buy commodities.
Globalization is where a business or an organization builds up international domination
by starting to operate globally, promoting and increasing the interaction between different
continents worldwide (Robertson, 2017). The globalization concept helps explain the changes
experienced in the world of business as a result of transformations. Four main aspects help define
globalization, capital and investments, transactions and trade, movement and migration of
people, and information circulation in knowledge. Globalization is further linked with climate
change, air and water pollution, and overfishing in the ocean as the main challenges.
Globalizations not only revolve around the flow of commodities and services as it is also
regarded as a financial and economic aspect. Economic globalization is where trade systems are
developed within international players like NGOs and Corporations around the globe. Financial
globalization involves the stock markets linked with financial systems worldwide that involve
monetary exchanges. The stock market is a good example showing how globally financially the
world is connected. When one market collapses or slightly declines, the effect is unfavorable to
other markets and the economy at large.
Globalization is where the global economy's integration through trade, financial, and
other flows within borders takes shape at a significantly slower momentum. Slowbalization can
help shape the economy by taking time to enable the economy's growth across borders. Another
ESSAY
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significance of slowbalization is that it can create more job opportunities worldwide for a
significant amount of time needed for the global economy to take shape. Slowbalization also
gives way to simplifying financial regulations, eliminating the barriers within the global financial
centers.
Question 2
Supply chain management is the process that involves planning ...