Final answer:
Major factors affecting companies like Domino's in global markets include advancements in technology and the interconnected aspect of globalization. These factors lead to increased competition and necessitate careful consideration of local community sentiments and cultural shifts. Economic activities fueled by tech progress also contribute to societal changes in the markets they enter.
Step-by-step explanation:
Companies like Domino's operating in global markets are significantly affected by two interconnected factors: technology and globalization. The expansion of communications technologies, including the internet, allows consumers and businesses to engage in transactions worldwide, significantly increasing competition for local retail businesses and those in the business-to-business sector. As a result, local markets face a surge in competitors, not just from their immediate region but from all over the globe.
In the context of globalization, multinational corporations also need to consider local sentiments towards global expansion. Protests and social concerns about global corporations can influence the success of a company. The pursuit of profits must be balanced with an understanding of local markets, sources of labor, and raw materials availability. Moreover, cultural and societal changes are also a result of the global integration caused by economic activities underpinned by technological progress.