GK
BUSINESS MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Reduce costs
|
|
|
Increase market share
|
|
|
Use extension strategies
|
|
|
Deregulation of the world’s financial markets
|
Detailed explanation-1: -Furthermore, these factors cover all the four major aspects of globalization i.e. economic, financial, political, social and technological.
Detailed explanation-2: -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-3: -Factors influencing Globalization are as follows: (1) Historical (2) Economy (3) Resources and Markets (4) Production Issues (5) Political (6) Industrial Organisation (7) Technologies.
Detailed explanation-4: -In addition, the United Nations identified three mega-trends related to globalization: shifts in production and labor markets, rapid advances in technology, and climate change.