Final answer:
Globalization affects companies of all sizes by increasing competition and creating economic interdependence.
Step-by-step explanation:
Globalization affects companies of all sizes by increasing the level of competition they face. Globalization affects companies of all sizes by increasing competition and creating economic interdependence. With the forces of globalization and new communications technology, companies now face competition not only from their local markets but also from other regions and countries.
For example, large corporations may relocate their factories to countries with cheaper labor, which can lead to job losses in their home countries. Additionally, globalization can create economic interdependence, where companies rely on other regions to provide goods they cannot produce themselves.