Examlex
Which of the following statements best describes the elaboration stage of organizational life cycle?
Globalization
The process of transformation of local or regional phenomena into global ones, involving the interconnectedness of economies, societies, and cultures across the world.
Global North
Wealthy, industrialized countries in the northern hemisphere (previously referred to as the First World).
Global South
Term used to describe countries and regions located primarily in the southern hemisphere, often focusing on those with developing or underdeveloped economies, highlighting global inequities.
Wal-Mart
A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
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