Business Environment Test - 43

The term "globalization" means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people. Globalization has containing both opportunities and threats for national development.

Globalisation means integrating the domestic economy with the world economy, because it facilitates the free inter-flow to capital, technology, people, goods and services.

Globalisation means integrating the domestic economy with the world economy.

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. ... Likewise, for centuries, people and corporations have invested in enterprises in other countries. All countries now tend to be on the global trend.It is the best way to exist now. Economy is a typical example. All countries are intergrating into the world economy.So global organizations such as UN,WTO ...are very imporatant. Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Environment scanning can be defined as the process by which organisations monitor their relevant environment to identify opportunities and threats affecting their business. The environment scanning is applied to both external as well as internal scanning process as business environment includes both external as well as internal environment in which the business is practiced.

External environment refers to the environment which is beyond the control of an individual working in a company.

Environment scanning can be defined as the process by which organisations monitor their relevant environment to identify opportunities and threats affecting their business. The environment scanning is applied to both external as well as internal scanning process as business environment includes both external as well as internal environment in which the business is practiced.

Environment analysis can be defined as the process by which organisations monitor their relevant environment to identify opportunities and threats affecting their business. The environment analysis is applied to both external as well as internal scanning process as business environment includes both external as well as internal environment in which the business is practiced. Thus it helps the management to deal with the business challenges more effectively and efficiently.