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- 1 Describe the terms globalization and internationalization and the reasons behind (knowledge)Internationalization
might involve only two countries or the whole globe
„any important cross-border activity of an organization“
Globalization
„economic interdependencies of economic actors involving all countries on this globe“
extensive form of internationalization
Why do companies „go global“?
Business dimension (microeconomic)
Primary goal: Profit
Economic dimension (macroeconomic)
If everyone does what he does best and serves the whole market, wealth of nations can be raised
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- Flashcards on Untitled, created by Rasit Sarica on 23/07/2022.
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- Rasit Sarica
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