Globalisation Quiz

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Questions and Answers

What does 'going global' mean for firms and businesses?

  • Restricting sales to specific regions
  • Expecting to sell products anywhere in the world (correct)
  • Focusing only on national markets
  • Avoiding international trade

How is globalisation often defined?

  • The growing integration of the world's economies (correct)
  • The isolation of national markets
  • The dominance of national firms
  • The restriction of trade and cultural exchange

What are the key features of globalisation?

  • Strict regulation of international trade
  • Isolation of national economies
  • Free movement of goods, services, people, capital, information, and technology (correct)
  • Limited cultural exchange

What characterizes multinational companies (MNCs) in the context of globalisation?

<p>Having subsidiaries in many countries (C)</p> Signup and view all the answers

How has globalisation impacted the production of goods and services?

<p>Increased the production of goods and services (A)</p> Signup and view all the answers

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