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Questions and Answers
Which of the following best describes globalization in the context of international trade and economic integration?
Which of the following best describes globalization in the context of international trade and economic integration?
- The trend of firms buying, developing, producing, and selling products and services worldwide
- The increasing importance of international trade and relations
- The integration of formerly national economies into one global economy (correct)
- The limited business operations in certain regions
What is the main focus of internationalization in the context of business?
What is the main focus of internationalization in the context of business?
- Integration of formerly national economies into one global economy
- Limited business operations in certain regions
- Increasing importance of international trade and relations
- Trend of firms buying, developing, producing, and selling products and services worldwide (correct)
What is the main difference between globalization and internationalization in policy?
What is the main difference between globalization and internationalization in policy?
- Globalization refers to international trade, while internationalization focuses on free capital mobility
- Globalization refers to free trade, while internationalization refers to international relations
- Globalization focuses on economic integration, while internationalization focuses on treaties and alliances (correct)
- Globalization refers to easy or uncontrolled migration, while internationalization refers to global economic integration
What does globalization in business refer to?
What does globalization in business refer to?
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How does internationalization in business differ from globalization in business?
How does internationalization in business differ from globalization in business?
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