Time-Space Compression Is One of the Key Dynamics of Globalization

question 19

Essay

Time-space compression is one of the key dynamics of globalization. Explain just exactly what time-space compression is and how it works, and give an example.

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Definitions:

Reportable Segments

Parts of a business that can be separately identified by the products or services they offer or by their geographical areas, and about which separate financial information is available and evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

Operating Profit

The profit from business operations before deducting interest and taxes, indicative of the core profitability of business activities.

Operating Segments

Components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance.

Generating Revenue

This term refers to the process by which a business earns income through the sale of goods, provision of services, or other financial operations.