Globalization refers to

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University of Nairobi *

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Business

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Nov 24, 2024

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Uploaded by LieutenantLlamaMaster786

Globalization refers to the spread of the flow of financial products, goods, technology, information, and jobs across national borders and cultures . In economic terms, it describes an interdependence of nations around the globe fostered through free trade. What are the benefits of globalisation for businesses? Pros of Globalization  Access to New Markets. Globalization gives businesses the opportunity to expand into new markets, reach international buyers, and increase revenue. ...  Spread of Knowledge and Technology. ...  Enhanced Global Cooperation and Tolerance. ...  Promotes Economic Growth. How does globalization affect your business? How Does Globalization Affect Your Life as a Business? Globalization provides incredible rewards for businesses today. The benefits of globalization for businesses include expanded customer bases, more revenue streams, and a diverse workforce . What are the 5 advantages and disadvantages of globalization? For businesses, the advantages of globalization can include cost savings, international recruitment, specific market opportunities, and the spreading of risk. 4. Potential disadvantages of globalization for world economies include possible monopolization, structural unemployment, inter-dependence and tax avoidance How does globalization affect your business? How Does Globalization Affect Your Life as a Business? Globalization provides incredible rewards for businesses today. The benefits of globalization for businesses include expanded customer bases, more revenue streams, and a diverse workforce .

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