This paper discusses various skills, knowledge and theory of the course that I have learnt and various potential applications of these skills at my workplace and in my field of study.
Policy development method that includes modeling, simulation and informatics where modeling refers to a rules set where we feed data then comes simulation here we take the model we created and test in real world which leads to final phase that is informatics in which are based on the data in simulation phase.
Globalization is a process where business or organizations operate on an international scale. It has components like finance, goods and services and people. Trillions of dollars are exchanged daily due to Globalization.
By globalization I get more opportunities to expand my start up to various other countries to increase profits and even to access the markets so as to setup the manufacturing process and import from that place which helps in increasing the no. of customers
Tax is a mandatory contribution to state revenue imposed by governments on worker’s income and profits of various business institutes. Corporate income taxes are different for various countries. Countries usually encouraging industrialization has low corporate income tax. It helps me to choose a country for my startup expansion where I can pay low corporate income tax this in turn helps me to globalize.
Digital goods have an advantage in case of sales tax as there is no tax for internet access this means it is more profitable to sell goods by e-commerce site than by setting up a store where we have to spend more and should have to pay the sales tax. One of the benefits of digital gods is that through internet we can reach far more no. of customers than that of an offline store. Hence this increases the sales of the products and it attracts more customers as the price online is comparatively less.