Final answer:
General Electric's Trading Process Network is tailored to manage transactions between companies and their suppliers, illustrating the impact of globalization and technology on the markets and intra-industry trade.
Step-by-step explanation:
The General Electric Trading Process Network is designed to handle transactions between companies and their suppliers. This reflects a broader shift in the markets due to technological advancements and globalization, leading to an interconnected economy where businesses are not solely competitive at a local level but also on an international scale.
The concept of intra-industry trade involves international trade of goods within the same industry, and the splitting up of the value chain means that different stages of producing a good can occur in various geographic locations, highlighting the complexity and international nature of business transactions today.