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23 July, 11:52

What is the best example of modern globalization as it relates to business?

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  1. 23 July, 14:58
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    Answer: An American bank outsourcing its accounting operation to a Chinese company

    Explanation: modern globalization is the acceleration of the integration of nations into the global system most notably in the areas of economics, politics, and culture. In business, it is the interconnected use of resources, be it personnel or material goods among countries.

    Other examples are; importing ingredients for French cuisine from a farm in France by a French restaurant in Australia, a Nigerian auto manufacturing company outsourcing its customer service needs to an Indian company.
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