Q1. Give characteristics of a global firm? Give any two examples of Indian firms which you consider global. Also give the reasons for considering so.
Answer: A global firm, in the context of international marketing, transcends national boundaries in its strategic planning, operations, and market scope. Unlike a multinational firm that adapts extensively to local markets, a global firm often seeks integration and standardization across its worldwide operations to achieve economies of scale and scope, while still being responsive to critical local nuances. It views the world as a single, interconnected market rather than a collection of separate nation...