ENTREPRENEURSHIP

Detailed explanation-1: -Globalization of business is a movement toward operating in multiple countries, both to reach new markets and to reduce costs of production.

Detailed explanation-2: -Globalization is the increase in the flow of goods, services, capital, people, and ideas across international boundaries, according to the online course Global Business.

Detailed explanation-3: -Globalization “ Refers to the growing interdependence of countries resulting from the increasing business on integration of trade, Finance, people, and ideas in one global marketplace . International trade and cross-border investment flows are the main elements of this integration.

Detailed explanation-4: -The first stage of entering into a global market is through exporting. Further, cross-market subsidization, multi-country strategy, and global strategy are the long-term perspectives of globalization.