IBUS 480 review Exam questions and answers Graded A+| 2026 Updated

IBUS 480 review Exam questions and answers Graded A+| 2026 Updated globalization the process by which national economies, markets, and societies become increasingly interconnected through trade, investment, technology, and cultural exchange. this integration reduces barriers between countries, allowing firms to operate across borders, but also increases exposure to global risks such as political instability and economic shocks. globalization of markets the convergence of consumer preferences across countries, driven by global media, brands, and communication. this allows firms to sell standardized products internationally, but complete convergence is rare, meaning firms must still consider local differences in tastes and behavior. globalization of production the dispersion of different stages of production across countries to take advantage of cost, resource, or skill dif