How does technology encourage the globalization of business? 🔊
Technology encourages the globalization of business by facilitating communication, collaboration, and trade across borders. Advances in internet and telecommunication technologies enable instant connectivity, allowing businesses to easily interact with international clients and partners. E-commerce platforms allow companies to reach new markets without substantial investment in physical infrastructure. Additionally, tools such as cloud computing and project management software enable teams to collaborate globally in real time, increasing efficiency and supporting diverse workforces.
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