Questions and Answers
Which of the following best describes globalization in the context of international trade and economic integration?
The integration of formerly national economies into one global economy
What is the main focus of internationalization in the context of business?
Trend of firms buying, developing, producing, and selling products and services worldwide
What is the main difference between globalization and internationalization in policy?
Globalization focuses on economic integration, while internationalization focuses on treaties and alliances
What does globalization in business refer to?
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How does internationalization in business differ from globalization in business?
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