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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?
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What enables businesses to sell their products anywhere in the world?
What enables businesses to sell their products anywhere in the world?
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