Globalization Has Significantly Reduced the Complexity of the Business Environment

question 67

True/False

Globalization has significantly reduced the complexity of the business environment.For example,companies can find suppliers and customers in many countries where materials are cheaper,which reduces competition and complexity.

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Definitions:

Business

The practice of engaging in commerce, trade, and dealings by individuals or organizations to generate profit.

Expert Systems

Artificial intelligence programs designed to solve complex problems by mimicking the decision-making ability of a human expert.

CEO Position

The Chief Executive Officer position, the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.

Cloud Computing

A technology in which tasks are performed by computers physically removed from the user and accessed over a network, in particular the Internet.