Globalization vs
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Trend of firms buying, developing, producing, and selling products and services worldwide</p> Signup and view all the answers

    How does internationalization in business differ from globalization in business?

    <p>Internationalization focuses on limited business operations in certain regions, while globalization focuses on worldwide business operations</p> Signup and view all the answers

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