Globalization is the term used to explain the increasing similarity of markets around the world.

Question

Quizplus · Accepted Answer

Globalization refers to the process of increased interconnectedness and integration of economies, cultures, and societies around the world, leading to the emergence of a global marketplace where products and services are traded, cultural ideas are shared, and people migrate. This has resulted in a greater similarity of markets and consumer behavior across countries.

Globalization Is the Term Used to Explain the Increasing Similarity