Question

Which of the following describes a firm in the Globalization 1.0 stage?

1) A firm that focuses on international trade and investment
2) A firm that utilizes advanced technology and automation
3) A firm that operates in multiple countries and has a global presence
4) A firm that is primarily focused on domestic markets

Answer 1

A firm in the Globalization 1.0 stage is one that focuses on international trade and investment.

Step-by-step explanation:

A firm in the Globalization 1.0 stage can be described as a firm that focuses on international trade and investment. During this stage, companies started exploring and trading with each other across different countries. They seek to expand their operations beyond domestic markets and establish a presence in the global marketplace.

Absolutely, in Globalization 1.0, firms primarily center their activities on international trade and investment. This stage, historically characterized by the movement of goods and capital across borders, highlights the expansion of businesses beyond their domestic markets. Companies operating in Globalization 1.0 typically emphasize trade relationships, seeking opportunities for growth and profitability through cross-border transactions and investments in foreign markets.

Answer 2

A firm in the Globalization 1.0 stage is notably focused on its domestic market, occasionally engaging in international trade. Traits like advanced technology usage and significant global presence are typical of more advanced globalization stages.

Step-by-step explanation:

A firm in the Globalization 1.0 stage can be described as one that is primarily focused on domestic markets. This stage reflects a company's initial step towards becoming international. At this point in globalization, firms may start to engage in international trade and investment on a limited scale, but their main focus remains on their home country's market. Advanced technology and automation, as well as operating in multiple countries with a significant global presence, are characteristics more commonly associated with later stages of globalization. As the forces of globalization and new communications and information technology have increased, the level of competition from other regions and countries has also risen.

A firm in the Globalization 1.0 stage is a firm that focuses on international trade and investment. During this stage, companies started to expand their operations globally and engage in cross-border trade. For example, the Dutch East India Company was one of the first firms that exemplified this stage by establishing trade routes and conducting business in different parts of the world.