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Advantages and Disadvantages of Managing Virtual Business in Global Environment is important to know for the business people. Here, this article will evaluate the Advantages and Disadvantages of Managing Virtual Business in Global Environment because the sense of knowing all these matters will help people to get better idea.

Advantages of managing virtual business

Virtual Business is Cost-Efficient

Cost effective prospect is very much advantageous which could be achieved by utilizing virtual business. It is possible as because it does not require the expense for maintaining an in-office team. Virtual business needs to bear office rent, utilities expense, transportation expense, maintenance expense. Employees of virtual business do work from home. Virtual business is mainly expensed for software and other ICT …

Introduction

Globalization in International Business: Globalization refers to the process of interconnection among firms, people and governments of different countries, economies from every country will become closer and interrelated through Globalization as foreign countries are a source of both production and sales for domestic companies. It is obvious that the Globalization has linked with international business as international business consists of all commercial transactions that take place between two or more countries such as sales, investments and transportation.

Globalization is very common in today’s world. It enables people to travel around the world by improving the transportation and it also helps people to do business in terms of purchase or sell products and services as well as pursuit of business …