Question

The process of conducting business on a global scale is called _____. protectionism urbanization globalization isolationism

Answer 1

Globalization is the process of conducting business on a global scale.

Step-by-step explanation:

This is being done by many of the organization to,

• To expand the business
• To be more competitive locally and globally too

Below I am giving simple explanation and examples to understand globalization.

• You can also take online market as an example. They have span across the world, to reach products and to get business. Distance is not a constraint for promoting a product globally.

• Even in the local, previously there use to be only one branch even for the biggest organization, but later on the trend move on to reach every other places first locally and expanded globally.