Question

The process of conducting business on an international scale is a part of _____. globalization Communism mercantilism Socialism

Answer 1

The answer is globalization. This is when you are now bringing your economy from domestic to international level where you are now engaging in business transactions with other countries overseas. There will be many hurdles but these are necessary when competing in the global market.

Answer 2

Answer: Globalization

The process of conducting business on an international scale is a part of globalization.

Explanation:

Globalization refers to a process of interaction and integration between the people, companies, and governments across different nations in a seamless and integrated manner. It is driven by international trade, investment and supported with the use of information technology. It is interdependence of nations around the world advanced through free trade. It raises the standard of living in poor and less developed nations through the creation of job opportunities and improved access to goods and services.