Final answer:
It is true that current global business activity is unprecedented, heavily influenced by globalization and advancements in communications and information technology, which have expanded competition and interconnected markets worldwide.
Step-by-step explanation:
The assertion that business has never before spanned the globe the way it does today is True. The forces of globalization and the advancement of communications and information technology have facilitated the expansion of business activities on a worldwide scale. Historical events like the market revolution did indeed bring many social and economic changes, but the degree and intensity of global interconnectedness and competition seen in recent decades is unmatched. Developments in technology and globalization have dramatically increased competition, allowing consumers and businesses to connect with suppliers and markets from all over the world, essentially redefining market boundaries.