Final answer:
The trend described is called globalization. It refers to the increasing interconnectedness and integration of markets worldwide, where different types of retailers now sell the same products at the same prices to the same consumers.
Step-by-step explanation:
The trend described in the question is called globalization. Globalization refers to the increasing interconnectedness and integration of markets worldwide, where buying and selling of products have crossed national borders. This trend has led to different types of retailers selling the same products at the same prices to the same consumers.
With globalization, consumers now have access to a wider variety of goods and services from different parts of the world. This has been facilitated by advancements in technology, such as the internet, which allows consumers to order products from anywhere. As a result, local retail businesses face increased competition.
An example of this trend is the ability to order books or pet supplies from all over the country or the world, leading to a higher degree of market competition and standardized product offerings.