Question

What is meant by globalisation in business?

Answer 1

Globalisation is the process of combining a nation‏’s economy with the global economy. It refers to the free movement of people, capital, technology, ideas, goods, and services across national borders that enables nations to become part of a global economy.

Answer 2

Globalisation in business refers to companies that operate internationally or on a global scale in two or more countries by either producing and/or selling goods and services domestically and internationally by integrating markets globally through trade (exports/imports), people, investments, and information.