the Hyundai Motor Company, which was established in 1967 and is based in South Korea. It has three manufacturing facilities in Korea, including a plant in Ulsan which is the world's largest automobile plant. In addition, it has manufacturing facilities in Alabama in the U.S., China, India, Czech, Turkey, Russia and Brazil (Hyundai - An Overview, n.d.). One of the strengths of Hyundai's business model is that each of these plants is able to produce car models that vary according to local preferences. In this way, it can sell cars designed specifically for the style and usage of the local region and increase sales. For example, the Czech plant manufactures vehicles such as the i-series that are only available in that region (Hyundai, n.d.). We can see that the global social environment directly affects the production of Hyundai cars in each area of the world while still maintaining a recognizable brand (UMGC, Globalization & Business, par. 10) . In addition, Hyundai is also taking advantage of lower labor rates, and local sources of supplies in each region. Instead of sourcing all their products in one place and shipping them across the world, they can take advantage of local sources and manufacture them on site, reducing their expenses and also adding to the local economies.

The majority of the cars purchased in the U.S. are financed, as most people do not have tens of thousands of dollars saved to buy a car outright. The APR you receive from the bank when you finance the car directly affects how much you will end up paying for the car at the end of your loan term. Basically, the higher the APR the more you will pay in interest (Detweiler, 2020, par. 5). Therefore, it logically follows that as interest rates go up, there will be lower auto sales. The reverse is true as well, as interest rates go down, auto sales will naturally go up, as more people will be able to afford the car. In this way, the financial market directly affects sales of automobiles.

what are your thought on the passage and use part 1 and 2 for evidence

Part1:GlobalEnvironment

Thisresourcefocuses on the global environment and factors that may influence how a company operates globally.

The marketplace is ever-changing. It is critical for a business or an individual to develop and maintain a business mindset in order to leverage resources to have competitive advantage. Developing a business mindset means thinking beyond thepresent;knowing the purpose of thebusiness;possessing a passion for success;having more than a "can do" attitude;surrounding yourself with positive, like-minded individuals who share the same passion and commitment;and having the discipline to continue creating and innovating. The goal is to have competitive advantage over the competition and enter emerging markets.

It helps toidentifyglobal forces that have the potential to positively or negatively affect trade,such asculture, the political environment, regulatory policies, and laws. A business should have a strategic plan that addresses how it will address external factors that could affect tradeliketrade control policies and restrictions, the geopolitical environment, currency exchange rates, inflation, and the demand for a product or service. Theseglobal factorsdo not only affect trade but could alsohave animpactoneconomic growth and development, and significantly influence the competitive position of the business.

While globalization has both positive and negative benefits, globalizationallows businessesto boosttheirgrowth potential and competition. Globalization offers opportunities to developing countries to boost their economies.Itprovides job creation in other countries, increases foreign direct investments, and enhances comparative advantage.

Part2:FinancialMarketsandSystem

The ability for a business to strategically plan for growth and expansion requires a strong understanding of the state of the financial markets and the basic functions of money.This resourcefocuses on financial markets andsystems.

Money is arguably one of the most universally understood languagesin the world. Money facilitates the ability to transact goods and services and serves three basic functions: as a medium of exchange, as a measure of value, and as a measure of store value. Money is controlled by and through financial markets. Afinancial marketis any marketplace where buying and selling happens.

Financial markets can be further categorized into capital markets, stock markets, and bond markets. TheFederal Reserve is centralto financial markets in the United Statesbecause itregulates and tracks the money supply and interest rates.