Globalization 2.0 Was Characterized By

question 68

Multiple Choice

Globalization 2.0 was characterized by:

• A)the growth of European mercantile stock companies.
• B)major software advances.
• C)how much industrial power countries could produce and apply.
• D)advances in global electronic interconnectivity.
• E)nations dominating global expansion.

Understand the importance of qualification and performance history of suppliers for project success.

Grasp the significance of payment schedules and clauses in vendor and supplier contracts.

Acknowledge the ending phase of projects as an opportunity for enhancing customer and team satisfaction.

Realize the complexities involved in procurement and the selection of commodities or services based on their characteristics.

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Definitions:

Recurring Shipment

A scheduled shipment that occurs at regular intervals over a period of time.

Data Transmission

The process of sending data from one place to another through any medium or channel.

4G

The fourth generation of broadband cellular network technology, offering high-speed internet access and data transmission.

5G

The fifth generation of wireless technology, providing faster speeds, lower latency, and more connectivity for devices than previous generations.