The relationship between international trade and business economic globalisation

          The relationship between international trade and business economic globalisation:

                 904160; Sustainable International Business Development 2022-23 Lux

                                             BSc3; United Business Institutes

Because international trade is a byproduct of globalization, the two concepts are interwoven. Trade between nations and territories is becoming more and more borderless, which is referred to as globalization. The elimination or decrease of tariffs and other restrictions, such as import quotas, facilitates this type of trade. The benefits and opportunities made possible by international cooperation are harnessed by globalization.International trade and globalization are both important and interwind. The importance of national trade is that a costumer wherever he or she lives will be familiar with  a top range of wide brands and the importance of globalization or its effect , is that new brands appear to be created globally.

On this paper, I will develop a deep insight into the relationship between global trade  and  globalisaation of Apple company. Founded in the 1970s by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple Inc. is one of the most well-known and prosperous businesses in the world today.

Apple has benefited greatly from globalization and technological advancement. For instance, the business was once primarily an American one, but globalization has allowed it to grow into a multinational enterprise. Apple`s role in international trade is that Apple set the standard for user-friendliness, cutting-edge design, and brand devotion when it came to widespread marketing of personal computers. Apple continues to be a significant market player globally. In the case of Apple, a single hobby machine created by a highly skilled electronic expert for himself eventually became the focal point of one of the most successful businesses in history. International trade as a result of globalization is very important for Apple. With an annual value of around $1 billion, over one-third of the apple crop is generally exported. The U.S. Apple Association and its members place a high premium on maintaining competitiveness through foreign trade. Although not all growers export, exports have an impact on everyone's prices, making trade essential to the industry's long-term success.

While marketing, supply chain management, and a strong emphasis on customer experience have all contributed to Apple's competitive advantage in the market, the company is also well recognized for its technological innovation. Apple has various capabilities and resources such as: product quality, research innovation, customer loyalty, brand equity, global presence, marketing and supply chain, that have contributed to Apple maintaining its competitive edge.

Monopolistic competition suits Apple. Half monopoly, half perfect competition is monopolistic competition. In a theoretical state, it combines components from both. Every brand in this competition makes an effort to create a singular product that is marginally distinct from those made by other companies of the same thing. In my opinion, Apple Inc. can be viewed as existing in oligopoly and monopolistic competition, among other market structures. However, Apple Inc. is known as monopolistic competition in the branded computers. Apple Inc. maintains an oligopoly market structure in the competitiveness of smart phone brands announcements. Monopolistic competition occurs when numerous vendors create items with significant product differentiation. Competition between monopolies is frequently referred to as monopolistic competition. Demand-side monopolistic competition is said to be parallel and equal to supply-side monopolistic competition.

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