firms originate,produce,and market their products and services worldwide,it is referred to as __________.

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Global competition refers to the phenomenon where firms compete with each other on a global scale, originating, producing, and marketing products and services worldwide. It is characterized by the elimination of trade barriers, the rise of free trade zones, and technological advancements that facilitate communication and transportation across national borders. Acculturation refers to the process of adapting to a new culture, free trade refers to the policy of allowing goods and services to move across national borders without restrictions, global branding refers to the use of consistent brand identity across different markets, and transactional exchange refers to the exchange of goods and services for money or other goods and services.

Firms Originate,produce,and Market Their Products and Services Worldwide,it Is Referred