Which term describes the tendency of firms to extend their sales, ownership, and/or manufacturing to new markets abroad?

Which term describes the tendency of firms to extend their sales, ownership, and/or manufacturing to new markets abroad?

• A. Globalization
• B. Talent Management
• C. Employment Engagement
• D. Ethics

Answer: (A)

Globalization captures the idea of expanding a business beyond its home country by selling in foreign markets, owning international assets, and/or relocating manufacturing abroad. This process is about crossing borders and integrating with economies worldwide, driven by the desire to reach more customers, achieve economies of scale, and diversify risk. The other terms focus on internal aspects: Talent Management deals with developing and managing employees, Employment Engagement concerns how committed and motivated workers are within the organization, and Ethics relates to moral principles guiding behavior. None of these describe extending operations into other countries, which is the essence of globalization.

Globalization captures the idea of expanding a business beyond its home country by selling in foreign markets, owning international assets, and/or relocating manufacturing abroad. This process is about crossing borders and integrating with economies worldwide, driven by the desire to reach more customers, achieve economies of scale, and diversify risk. The other terms focus on internal aspects: Talent Management deals with developing and managing employees, Employment Engagement concerns how committed and motivated workers are within the organization, and Ethics relates to moral principles guiding behavior. None of these describe extending operations into other countries, which is the essence of globalization.