StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Global Marketplaces and Business Centers - Research Paper Example

Cite this document
Summary
Name: Instructor: Course: Date: Global Marketplaces and Business Centres A global marketplace may be defined as a worldwide system of trade that has been growing since the 1970s. In such as system, goods are usually produced in any place that the production costs are lowest, and they are ultimately sold to achieve maximum profit…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
Global Marketplaces and Business Centers
Read Text Preview

Extract of sample "Global Marketplaces and Business Centers"

Download file to see previous pages

With advances in information technology, there have been lower costs to communicate and interact across national and international boundaries. This has seen many businesses facing the potential to expand and increase their markets into other foreign countries. With information technology, it has been possible to transfer resources, materials, and capital to wherever they are likely to yield the highest profits (Buono 29). The term ‘business center’ has a number of meanings. A business centre may be defined as a popular place in which many businesses are able to rent rooms for events, meetings or offices.

A business centre is also part of a town, city, country, or region where the main business activities and premises such as banks, shopping malls, factories, or offices are located. In business centers, there are usually a lot of financial and business activities. Business centres usually represent places where business professionals, large companies, and other small business are able to operate from. These centres usually provide businesses with conference rooms, space to operate, office equipment, telecommunication services, support staff, and other amenities necessary for businesses to be conducted smoothly.

The two terms are sometimes used to refer to places, regions, or countries that are well known business destinations (Porter 56). Global marketplaces and business centres can be assessed by looking at how the world’s GDP is shared. According to statistics appearing in the 2006 World Bank Development Report (292-300), the United States has 29% of the world’s GDP, the European Union 31%, Japan 11%, Canada 2%, and the rest of the world 27% as of 2004. The global marketplaces of North America include United States, the Caribbean countries, Central American countries, Greenland and Mexico.

All these countries have a population of over 507 million people who produce close to 33% of the world’s total output. The US had the largest economy of $ 40.9 trillion GDP in 2004. Another global marketplace worth mentioning is Canada. It population is about 32 million, and it is a major exporter since its exports account for close to its GDP of 37% realized in 2004 which amounted to $ 980 billion (Rosenblooum 78). Western Europe consists of nations which are among the most successful, and attract the highest number of businesses and business ventures.

The Western European countries have wealthy people who can buy many products from other marketplaces. Western European countries that make up global market places are divided into members of the European Union. It also consists of other countries that belong to the region. Some of these countries that are global marketplaces within Western Europe include Germany, France, the United Kingdom, and other like Norway, Iceland, and Switzerland (Hofstede 77). Eastern and Central Europe also have many countries that are considered global marketplaces and business centres.

The countries that make up global marketplaces in Central Europe include Romania, Poland, Hungary, Slovak Republic, Czech Republic, Bulgaria, Austria, Albania, Montenegro, Serbia, Slovenia, Macedonia, Croatia, and Bosnia. The countries in Eastern Europe that are known to be global marketplaces are the 15 countries that were formed as a result of the Soviet Union’s disintegration. These regions have undergone numerous economic, political, and social changes during the past decade to be where they are today.

Most of the

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Global Marketplaces and Business Centers Research Paper”, n.d.)
Global Marketplaces and Business Centers Research Paper. Retrieved from https://studentshare.org/business/1449397-global-marketplaces-and-business-centers
(Global Marketplaces and Business Centers Research Paper)
Global Marketplaces and Business Centers Research Paper. https://studentshare.org/business/1449397-global-marketplaces-and-business-centers.
“Global Marketplaces and Business Centers Research Paper”, n.d. https://studentshare.org/business/1449397-global-marketplaces-and-business-centers.
  • Cited: 0 times

CHECK THESE SAMPLES OF Global Marketplaces and Business Centers

The Role of Dynamic Reputation Ranking System on Loyalty Gap and Customer Lock on: B2B E-Marketplace Perspective

business firms are virtually being locked-in to the Internet technology.... The loyalty gap in e-marketplace is propelled by information asymmetry between buyer, seller, and unmonitored business activities cycle of actors.... Kuttainen claims that only the very first phase of the B2B buying process is conducted online, except for the e-mail distribution of requests and offers, and any subsequent transactions take place offline in traditional business channels....
24 Pages (6000 words) Essay

SABMiller's Strategic Position by 2011

In order to analyze the business environments, various business analysis tools such as SWOT and PESTEL analysis will be included in the paper.... The company is reputable for a number of varied global brands that include Urquell, Peroni Nastro Azzuro, Miller genuine draft and an equally enormous base of local brands that serve its dissimilar macro and micro marketplaces spread across the globe.... Economically, the organization's rapid expansions have seen it embrace marketplaces with huge dissimilar economic constructs....
9 Pages (2250 words) Essay

Supply Chain Management

Especially in the case of global supply chains, effective management of the flow of processes and functions indicates a better coordination of resources (including learning), which in turn provide the potentials for accumulating greater information on the global marketplaces.... Include value capture and value creation in your discussion as interactive dynamics that link the internal and external firm business processes.... Include value capture and value creation in your discussion as interactive dynamics that link the internal and external firm business processes....
2 Pages (500 words) Essay

Cloud Computing in Telecommunications

In today's global world where new standards and technologies are offered everyday each and every organization is trying its level best to make use of cloud computing.... Professor Name ID Cloud Computing in Telecommunications Introduction The term ‘cloud computing' refers to the application of a cloud image to correspond to the internet or some huge networked setting....
6 Pages (1500 words) Research Paper

Global Business Entering Islamic Marketplace in Iraq

4 Pages (1000 words) Research Paper

AVAYA Case Study (Marketing)

trillion, with the global marketplace been worth more than $3.... Ayala generates revenues through an The firm faces competition from large global multinational firms and local regional service providers.... The telecommunication sector has a US marketplace of $1....
4 Pages (1000 words) Essay

Article response about architecture

he article asserts that during the 1920, merchandisers and business people in America had desired to live in a motorized and developed society.... At an amazing pace, the futuristic mass built and highways and well-equipped home appliances that had been dreamt of during the New York global Fair in 1940 had become a real (Cohen 1055)....
3 Pages (750 words) Essay

International management

It presumes cautious planning and preparation and is a proverbial Western advance that appears in fields like “time managing”1 Example includes East Asian countries. ... ... n polychronic systems is a state where… ual relations are appreciated over time and important things, resulting in a lesser interest for “having things accomplished....
9 Pages (2250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us