The two of the three main components of globalization are:
A)the globalization of markets and the globalization of production
B)the globalization of production and the globalization of finance
C)the standardization of technology and the globalization of markets
D)the globalization of finance and the globalization of accounting
E)the globalization of consumers and the globalization of marketing

Question

Quizplus · Accepted Answer

The two main components of globalization are the globalization of markets and the globalization of production. The globalization of markets refers to the integration and interdependence of national economies into a global market through the exchange of goods, services, and information. The globalization of production refers to the sourcing of goods and services from around the world to take advantage of national differences in the cost and quality of factors of production.

The Two of the Three Main Components of Globalization Are