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Last updated 7:42 PM on 2/2/26
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5 Terms
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Globalization
Process of Interaction and Integration amongst people, governments and companies driven by International Trade and aided by Information Technology. It can be seen as a form of selling in foreign markets
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Positives of globalization
Favorable costs, access to international markets, response to changes in demand, reliable sources of supply, many major trade org
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Risks of globalization
Cultural differences/language barriers, supply chain logistics, safety security stability, quality issues, corporate image
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Electric commerce
Trade that occurs over internet bus to bus, bus to consumer, or consumer to bus
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Note 
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