Globilisation

Hey there! Can you tell me what globalization is all about?

• A type of currency used worldwide

• • The process of interaction and integration among people, companies, and governments of different nations.

• • A country's ability to remain isolated from the rest of the world.

• • .Globalisation is the process of interaction and integration among people, companies, and governments locally.

Which of the following activities is NOT a part of Akhil's global adventure?

• • Watching a foreign movie on the internet.

• Ordering food from a local restaurant.

• Traveling to another country for vacation.

• Buying a t-shirt made in a different country.

What role do Multinational Corporations play in globalisation

• • They decrease international trade.

• • They promote local businesses.

• • They create jobs but can exploit local resources.

• • They have no impact on the global economy.

Explain the term 'global supply chain' and its significance in globalisation.

• A global supply chain only involves one country in the production process

• A global supply chain refers to a local network of organizations

• A global supply chain has no impact on reaching global markets

• A global supply chain is the interconnected network. it enables companies to source materials and labor from different countries, optimize production processes, and reach global markets.

Which of the following is NOT a barrier to globalization

• • Language differences

• Trade agreements

• Cultural exchanges

Globalization is an historical process that began with the first movement of people out of Africa into other parts of the world. Traveling short or long distances, migrants, merchants and others have delivered their ideas, customs and products to new lands.

• True

• False

Choose the right statement

• India, with its ​ young  population and ​ rising disposable income   , has become a favourite haunt for global consumer brands.

• India, with its ​wealthy population and ​ high salaries, has become a favourite haunt for global consumer brands.

Why is it important for businesses to adapt to globalization?

• It limits their growth potential

• It allows them to reach new markets and access resources globally

• It increases cultural barriers

Is BATA a Indian or International Brand

• Indian

• International

Is Infosys a Indian or International Company

• Indian

• International