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Questions and Answers
What is the term used to refer to the conversion of text, sound, images, video, and other content into a series of ones and zeroes that can be transmitted electronically?
Which trend is related to the externalization of non-core business functions to third-party service providers?
What is the term used to describe the process of conducting business on a global scale, involving different countries and markets?
What are the three strongest trends shaping business according to the passage?
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Which chapter will provide information about international business according to the passage?
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What are the new ways of doing business attributable to according to the passage?
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Study Notes
Digitalization and Outsourcing
- Digitalization refers to the conversion of text, sound, images, video, and other content into a series of ones and zeroes that can be transmitted electronically.
Outsourcing
- Outsourcing refers to the externalization of non-core business functions to third-party service providers.
Globalization
- Globalization refers to the process of conducting business on a global scale, involving different countries and markets.
Trends Shaping Business
- The three strongest trends shaping business are digitalization, outsourcing, and globalization.
International Business
- Chapter 1 will provide information about international business.
New Business Models
- New ways of doing business are attributable to digitalization, outsourcing, and globalization.
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Description
Explore the fundamental changes in the way business is conducted and the emerging trends shaping the business world. Learn about the impact of digitisation, globalization, and sustainability on modern business practices.
