In the context of competing in the global economy, globalization suggests that the:
A)presence of a uniform workforce curtails competition.
B)world is divided by borders and diverse cultures.
C)world is free from national boundaries and is borderless.
D)organization's nationality is held strongly in consciousness.

Question

In the context of competing in the global economy, globalization suggests that the:​
A)​presence of a uniform workforce curtails competition.
B)world is divided by borders and diverse cultures.​
C)world is free from national boundaries and is borderless.​
D)organization's nationality is held strongly in consciousness.​

Quizplus · Accepted Answer

Globalization refers to the process of increasing interconnectedness and interdependence among people, businesses, and countries around the world. It suggests that the world is becoming more borderless, with fewer barriers to the flow of goods, services, capital, and people across national boundaries. This enables businesses to operate on a global scale and compete more effectively in the global marketplace. The presence of a uniform workforce (A) is not necessarily a factor in globalization, and the world is not necessarily divided by borders and diverse cultures (B). While the nationality of organizations may still be important in certain contexts, globalization implies a trend towards greater integration and less emphasis on national distinctions (D).

In the Context of Competing in the Global Economy, Globalization