Question

Globalisation and its positive impact on local bussiness

Answer 1

Answer:

is it helpful ...........

Answer 2

Answer:

The impact of globalisation on the local market are :

• Globalisation exposes firms to the international competition in order to improve efficiency of operation reduce cost and improve the quality.

• Globalisation will help to restructure the production and trade pattern in the favour of labour intensive good and technologies such as local market.

• There will be more opportunities over a period of time and the employment will increase. Small marketing sector now could easily take loan from banks at a low rate of interest.