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 (B)</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 (B)</p> Signup and view all the answers

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