Business

Difference Between Internationalization and Globalization

The difference between internationalization and globalization is that internationalization is the process of developing products and services by a country to expand its subsidiaries in foreign markets and cover a wide area while, on the other hand, globalization is the economic, social, technological, and cultural relations amongst countries empowered by international trade and investments. Internationalization …

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Difference Between Strategic Control and Operational Control

Strategic control is a process that involves setting goals, developing strategies to achieve those goals, and then monitoring the progress of those strategies. It focuses on long-term objectives throughout an organization. While operational control is a process used to ensure that planned objectives carry out everyday operations within an organization. This process involves measuring performance …

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Difference Between Stock and Supply

Supply is a term used to describe making something available or giving something away. When the term “supply” is used in relation to products in economics, it refers to the number of items that the manufacturer makes available for purchase in the market at a particular price and time. It frequently contrasts with stock, which …

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