Question

what is meant by global enterprises

Answer 1

Global business generally refers to international trade. A company which is doing business all over the world, that business are called global enterprises. Earlier also there was the exchange of goods over great distances. Such trade, of course, was not by definition global but had the same characteristics.


Global Enterprises

Global enterprises are the companies that operate around the world. There are categories based on their huge size, a large number of products, advance in technology, marketing, strategy and network of operations all over the world.

Through a network of their branches in several countries, global enterprises extend their industrial and marketing operations. Their vision to work across many global frontiers to earn in international currencies of many countries. These organizations have books of accounts of various countries, which at the end of financial year of respective countries being consolidated together, according to its usage.