bus280WA1 - Writing Assignment 1 1) Global business differs...

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Writing Assignment 1 1) Global business differs from domestic business because it casts a broader scope over the business market that a company looks to accomplish. Domestic business will use only the resources and labor available within its own areas/borders, where as a global business will be able to tap into possibly cheaper labor markets as well as low priced goods in other global markets. Global business affects me because many of the products we use today have components or are manufactured in other countries from around the world. The example of the picture of the Big Mac’s components is a perfect example of how global business can affect our everyday life. So many components of that hamburger are provided from other countries, the only portion that was domestically provided was the onions on the burger. An example of a local company that has global products would be Verizon Wireless. I had worked for their company a few years ago, and many of the products they sell (especially the phones/phone components and the accessories provided for their phones) are manufactured and have parts that are provided from outside the United States. 2) The G8 is a meeting between 8 governments of countries in the world to discuss many global issues, some which include health, law enforcement, social and
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bus280WA1 - Writing Assignment 1 1) Global business differs...

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