In terms of international business, market globalization can be viewed as a ________.
A) consequence of a strong emphasis on traditional values worldwide
B) consequence of the loss of national sovereignty
C) driver and consequence of firm-level internationalization
D) prime cause of rising diseconomies of scale in emerging economies

Question

Quizplus · Accepted Answer

Market globalization is both a driver and a consequence of firm-level internationalization, as firms expand globally, they contribute to the globalization of markets, and as markets become more global, firms are driven to internationalize further.

In Terms of International Business, Market Globalization Can Be Viewed