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What Is Globalization? What Modes of International Business Are Used

question 52

Essay

What is globalization? What modes of international business are used by firms that want to globalize? Briefly describe each method.


Definitions:

Right Way

The most effective or ethical approach to achieve a goal or solve a problem.

Right Time

The most suitable or appropriate moment to take action or make a decision to ensure the best possible outcome.

Behaviour

The actions, reactions, or conduct of an individual or group in response to external or internal stimuli.

Laws

The system of rules that a particular country or community recognizes as regulating the actions of its members and may enforce by the imposition of penalties.

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