1,Companies can reduce foreign exchange risk by using hedging tools like forward contracts, using different currencies in trade, and operating in many countries. This helps reduce the impact of currency changes.
2,A famous global company is McDonald’s. It uses a localization strategy. It keeps a global brand but changes its menu to fit local culture and taste in different countries.
3,We think the advantages of globalization are greater than the disadvantages. It gives consumers more choices and helps businesses grow and create jobs. Even though it brings competition, it supports economic growth and cultural exchange.