BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Goods and services exchanged between businesses and customers across the world is best described as ____
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globalisation
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globalised markets
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foreign markets
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global markets
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Explanation:
Detailed explanation-1: -Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
Detailed explanation-2: -International Trade: Commerce among Nations.
Detailed explanation-3: -1. The market in which goods and services of one country are traded (purchased or sold) to people of other counties. Learn more in: Global Market Trends. 2. A market that involves the exchange of goods and services between people located in different areas of the globe.
There is 1 question to complete.