Podcast
Questions and Answers
What does 'going global' mean for firms and businesses?
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?
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?
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?
What characterizes multinational companies (MNCs) in the context of globalisation?
How has globalisation impacted the production of goods and services?
How has globalisation impacted the production of goods and services?
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