Which of the following statements best defines the term globalization?
A) It is the tendency for all the organizations in the world to become one big connected business.
B) It occurs when there is information overload.
C) It means diversity in the marketplace requiring strategic interdependencies among organizations.
D) It is running the organization as if it were an international organization.

Question

Quizplus · Accepted Answer

Globalization refers to the increasing interconnectedness and interdependence of markets and businesses across the world, requiring strategic interdependencies among organizations.

Which of the Following Statements Best Defines the Term Globalization