Globalization Is Becoming More of a Worldwide Phenomenon Because

question 71

Multiple Choice

Globalization is becoming more of a worldwide phenomenon because

• A) more countries want to become self-sufficient.
• B) less-developed countries are increasing their trade restrictions.
• C) technological advancements are decreasing transportation costs.
• D) trade hurts workers in poor countries.

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Definitions:

Purchasing Cards

Specialized payment cards issued by organizations to their employees to make purchases on behalf of the organization, streamlining the procurement process.

Online Payments

Transactions that enable individuals to pay for products or services over the internet using digital financial instruments, such as credit cards, electronic wallets, or bank transfers.

Electronic Storefront

The website of a single company, with its own Internet address, at which orders can be placed.

Single Store

A retail business that operates from one physical location, offering products or services to customers from that sole position.