BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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channels of communication
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pricing
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immigration patterns
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emigration patterns
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governmental actions
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Detailed explanation-1: -These factors include: the digital revolution; international economic integration; socio-cultural convergence; global education providers; cross-border political influence; financial liberalisation; intense competition; increased international business and trade; and the need for economies of scale.
Detailed explanation-2: -Thus, we can say that, market convergence, competition, exchange rates and cost advantages are the key drivers of globalization.
Detailed explanation-3: -Technological advancements reduce costs of transportation and communication across nations and thereby facilitate global sourcing of raw materials and other inputs.
Detailed explanation-4: -Broadly speaking, economic, financial, political, technological and social factors have paved the way to globalization. Economic factors mainly include lower trade and investment barriers.