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Causes Of Business Globalization
Business globalization means companies and businesses have begun their trade and production on international arena.
It means businesses are shifting their boundaries from domestic to international ones. The rapid growth of business globalization rises some questions to research. One of them is why business is becoming global? The main and important causes for the recent business globalization are: increase in global competition, rapid increase and expansion of technology, liberalization of cross border movement and development of supporting services. The pressure of increased foreign competition can force a company to expand its business into international market. Now day’s companies can respond rapidly to many foreign sales opportunities. They can exchange production quickly among countries if they are experienced in foreign market and because they can transport goods efficiently from one place to other.
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