Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What is globalisation often defined as?
What is globalisation often defined as?
- The exclusive focus on separate national markets
- The dominance of one single market in the world
- The unrestricted movement of goods and services across borders
- The growing integration of the world's economies (correct)
What does 'going global' mean for firms and businesses?
What does 'going global' mean for firms and businesses?
- Expecting to sell their products anywhere in the world (correct)
- Limiting sales to specific regions
- Focusing solely on domestic markets
- Avoiding international trade opportunities
What are the key features of globalisation?
What are the key features of globalisation?
- Intellectual property, goods and services, people, and capital (correct)
- National independence and economic isolation
- Regional trade barriers and cultural protectionism
- Limited exchange of ideas and technologies
What is the process by which the world is becoming increasingly interconnected as a result of increased trade and cultural exchange?
What is the process by which the world is becoming increasingly interconnected as a result of increased trade and cultural exchange?
Signup and view all the answers
What enables businesses to sell their products anywhere in the world?
What enables businesses to sell their products anywhere in the world?
Signup and view all the answers
Flashcards are hidden until you start studying
