Sourcing goods and services from locations around the globe is known as the globalization of markets.

Name: Sourcing goods and services from locations around the globe is known as the globalization of markets.
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Sourcing goods and services from locations around the globe is known as global sourcing, not the globalization of markets. The globalization of markets refers to the merging of historically distinct and separate national markets into one huge global marketplace.

Sourcing Goods and Services from Locations Around the Globe Is