Of all the events and trends affecting global business today, four stand out as the most dynamic. Which of the following would be one of those events?
A) The trend toward buying American cars in Europe.
B) The trend toward the acceptance of the free market system among developing countries.
C) The trend toward using English as the global language.
D) The trend toward establishing a world currency.
E) The trend toward worldwide instant communication.

Question

Quizplus · Accepted Answer

Of all the events and trends affecting global business today, four stand out as the most dynamic, the ones that will influence the shape of international business beyond today's "bumpy roads" and far into the future: (1) the rapid growth of the World Trade Organization and regional free trade areas such as the North American Free Trade Area and the European Union; (2) the trend toward the acceptance of the free market system among developing countries in Latin America, Asia, and eastern Europe; (3) the burgeoning impact of the Internet, mobile phones, and other global media on the dissolution of national borders; and (4) the mandate to manage the resources and global environment properly for the generations to come.

Of All the Events and Trends Affecting Global Business Today