Global Markets “handles all sales and trading activities in the primary and secondary markets”

Post 1

Global Markets “handles all sales and trading activities in the primary and secondary markets” (CIB, 2021). The conditions that have led to the development of global markets is communications technology, increased exposure to the other parts of the world and the traveling. Some other are containerization, technological change “rapid and sustained technological change has reduced the cost of transmitting and communicating information”( Tutor2u, 2021), economies of scale; it has been told that many believe there has been an increase in the minimum efficient scale (MES), and if that happens to rise then the domestic market will become too small to the selling needs of the industries, differences in tax systems “the desire of business to benefit from lower unit labour costs and other favorable production factors abroad has encouraged countries to adjust their tax systems to attract foreign direct investment (FDI)” (Tutor2u, 2021), less protectionism, and growth strategies of transnational and multinational companies “In their pursuit of revenue and profit growth, increasingly global business and brands have invested significantly in expanding internationally” (Tutor2u, 2021). Most if not all companies have business activities with a global scope. Travel and transportation go from one market to the other, due to this is so easy to do the market has been fostered. The firms tend to compete in the independent global economic and physical environment. Another condition that led to development of global market is the increase impact on mobile devices, internet, and social media tools. It is important that the small or large exporting companies are aware of this happening. The domestic marketplace will decrease in numbers if the firms are only operating in the domestic market. Due to some of these reasons, while a company is growing it is important that they address the competition, this help with growth of the company.

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Post 2

A growing AM firm is today witness to two exciting occurrences. It is subject to the increasing number of other AM firms making foreign trade or manufacturing abroad. It also has to consider the non-AM firms operating in the AM market, the growth of regional trading blocs, the exponential growth of world markets, and increasing competition for global markets.

Four significant events have led to the development of global markets and will also shape its future. These are discussed as below: 1. The substantial growth in the World Trade Organization, WTO, and regional free trading blocs such as NAFTA and EU. These entities have been formed to form operational synergies between countries for their mutual trading benefit. 2. Acceptance of the free market system by developing countries in hitherto closed markets. Countries in Latin AM, As, and EE, have thus opened their markets to foreign trade. Customers have been exposed to more choices, and this results in greater demand from these markets and hence the growth in international marketing 3. The increasing impact of the Internet, mobile phones enabled with digital technologies, and social media tools have helped conduct global trade at unprecedented levels. They supplement the physical trade as catalysts by saving on time and thus lead to efficiency and productivity of companies 4. The task to correctly manage

the business resources requires planning whereby it is pertinent to recognize business opportunities in foreign markets.

Today, due to conditions such as above, most companies have business activities with a global scope. Factors like technology, research, capital investment, production, marketing and distribution, and communication networks have international connotations. Firms compete in an interdependent global economic and physical environment. It is incumbent on a small exporting company or a large multinational company to be aware of these trends. The competition to grab market share in global markets is showing an increasing trajectory. As such, the number of firms operating only in the domestic market will decrease in number. For these compelling reasons, a growing company has to tap global markets to address the vagaries of competition, demand, changing market structures, resource management. This is essential not only for its survival but also for sustaining its growth, which cannot be fulfilled only by the domestic market.

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