The age of globalization enables businesses to move their operations offshore with the borderline of fuss . For example , businesses in the West are touching en masse to China to take advantage of the let loose constitute of crossingion there . China has the largest reserve of hands in the world . As a result , the court of manpower in China is one of the lowest in the world . This enables businesses from the west to keep costs down If it had not been for the process of globalization and China joining the World handicraft Organization as a result of that process whence the massive economic opportunities arising out of China s meteoric rising to economic excellence would never have emerged (Naughton 2005 ,.
56 Because yield and salaries are very high in the West , the senesce economies of the West are stagnating and not generating enough demand quite an than generating demand for traditional goods and services , these advanced economies are creating immature patterns of demand that require companies to constantly innovate on their product lines (Hill 2005 ,br 121 . The innovation is mostly in the form of differentiation , cost minimization and quick response . Companies that dirty dog differentiate their products , that can prices their products less or that can deliver customer compulsions quickest are the ones which can survive . That is why competitive arguing in the West is intense . It is not easy for the focus of businesses limiting themselves to the mature economies of the West to reduce the cost of their operations...If you want to get a full essay, order it on our website: Ordercustompaper.com
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