Terms
37 new/unreviewed 37 total
Term
Economic globalization
Definition
The increasing integration and interdependence of national economies around the world
New/Unreviewed
Term
Economies of scale
Definition
Savings from buying parts and materials, manufacturing, or marketing in large quantities
New/Unreviewed
Term
Benefits of international trading
Definition
Focusing on relative strengths Expanding markets Pursuing economies of scale Acquiring materials, goods, and services Keeping up with customers Keeping up with competitors
New/Unreviewed
Practice Tests
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