Asked by Jesse Mad3329 on Jul 17, 2024
Verified
The worldwide interdependence of resource supplies, product markets, and business competition characterizes the age of ___.
A) Trans-Asian management
B) the European Union
C) free trade
D) a global economy
E) the multinational economy
Global Economy
An interconnected marketplace without geographical limits, where goods, services, and labor flow across national borders.
- Comprehend the principle and motivations behind globalization in the business arena.
Verified Answer
AK
Ananyaa KashyapJul 22, 2024
Final Answer :
D
Explanation :
The phrase "worldwide interdependence of resource supplies, product markets, and business competition" is commonly used to describe the global economy, where businesses and countries are interconnected in various ways. Choices A and B are specific regions or organizations, while free trade (C) is a concept that can exist within a global economy but does not fully encompass it. Multinational economy (E) is similar to global economy but not as commonly used. Therefore, the best answer here is D, a global economy.
Learning Objectives
- Comprehend the principle and motivations behind globalization in the business arena.
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