Asked by Maddi Coones on Jul 08, 2024

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___ refers to the process of growing interdependence among resource supplies, product markets, and business competition on a worldwide basis.

A) International management
B) Transnational interdependence
C) Globalization
D) Global management
E) The multinational economy

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's markets and businesses.

Transnational Interdependence

The mutual dependency between countries, especially in areas of trade, investment, and business operations across borders.

Multinational Economy

A global economic system characterized by the interaction and integration of national economies through trade, investment, and technology exchange.

  • Understand the concept and drivers of globalization in business.
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DA
Dakota ApplewhiteJul 12, 2024
Final Answer :
C
Explanation :
The term globalization specifically refers to the growing interdependence among resource supplies, product markets, and business competition on a worldwide basis. While related concepts, international management, transnational interdependence, global management, and the multinational economy do not fully capture the scope and magnitude of globalization as a phenomenon.