BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Global Interconnectedness refers to the ability to understand and function in an increasingly multicultural, international, yet interconnected environment. It fosters the development of individuals to become successful professionals, civic leaders, and informed citizens in a diverse national and global society.

Detailed explanation-2: -In the world of business, globalization is associated with trends such as outsourcing, free trade, and international supply chains. Globalization is important as it increases the size of the global market, and allows more and different goods to be produced and sold for cheaper prices.

Detailed explanation-3: -In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.

Detailed explanation-4: -More awareness of consumer rights. More goods and services to choose from. So, more options for the consumers. Increased production and more employment.