Chapter 20.1, Problem 1R

Solution

Importance of given terms are to be explained.

Global Integration : Global integration is the process in which the company is able to use same method and products in other countries. Global integration helps to sustain growth,, reduction in poverty rates and increase in income levels. It also helps companies in reducing costs which in turn minimize duplication and also it leads to achieve the global efficiencies.

Telecommunications : Telecommunication is defined as the process where there is transmission of information over a distance through cable, telegraph, telephone or broadcasting. Through telecommunication, sharing of information or files can be done easily. People can communicate with each other through emails or messengers quickly. There is effective communication done through this. There is a conciseness of message through telecommunication.