The trend from distinct national economic units toward one huge global market is commonly referred to as what?
a. Market standardization.
b. Cross-border integration.
Globalization results in a greater degree of __________ across markets than would be present otherwise.
In producing its electronics products, Sony Corporation sources goods and services from different locations around the globe in an attempt to take advantage of national differences in the cost and quality of factors of production. This practice is made possible by the globalization of what?
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