Question

Last week Paul, CEO of Quality Furniture in South Carolina, traveled to Europe to visit customers. While overseas, Paul checked his e-mail daily and visited his company's website to show to customers. After visiting the last customer Friday morning, Paul was able to return to the corporate office to meet with his board of directors that night. This "shrinking" of time and space with air travel and electronic media defines ____.

1) the small world philosophy
2) synergy
3) e-commerce
4) the global village
5) the intranet

Answer 1

The concept that defines the 'shrinking' of time and space due to the impact of air travel and electronic media is known as 'the global village'.

Step-by-step explanation:

This "shrinking" of time and space with air travel and electronic media defines the concept of the global village. The term global village articulates how technological advancements, particularly in communication and transportation, have interconnected the world, allowing for business activities to be conducted across large distances with remarkable speed and efficiency. Paul's ability to conduct international business meetings and seamlessly access his company's resources halfway across the world exemplifies the deep impact of these technological shifts on globalization.