What Is Globalization of Business? - Definition, Impact & Effects

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Choose the best description for globalization of business.

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1. ABC Company ltd is a company involved in the sale of beef burgers and is planning to enter into the Indian market. Identify the factor that will require ABC Company Ltd to revisit its product.

2. Select the company that is involved in production globalization.

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About This Quiz & Worksheet

There are numerous types of globalization a business may utilize. In this quiz and worksheet you will be asked about these various versions and their effects on companies.

Quiz & Worksheet Goals

This quiz will test you on the following:

  • Benefits of globalization
  • Potential effects of this practice
  • Different forms globalization may take

Skills Practiced

Expect to practice these study skills:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Defining key concepts - ensure that you can accurately define main phrases, such as market and production globalization
  • Information recall - access the knowledge you've gained regarding the purpose of global businesses having several locations

Additional Learning

Learn more by reviewing the related lesson, What is Globalization of Business? Definition, Impacts & Effects. This lesson will address these topics:

  • Definition of globalization
  • Market and production globalization and their impact on companies
  • Globalization's three primary effects on businesses
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