Can you make a summary to the given below that is more easier to understand? REASONS OF GLOBALIZATIONRapid shrinking of time and distance across the globe.Domestic markets are no longer rich.Companies and institutions go global to find political and economic stability.To get technological and managerial know-how of other countries due to their advancement.To reduce high transportation costs if one goes globally.To be close to raw materials and to markets for their finished products.The creation of the World Trade Organization (WTO) had made it possible in stimulating increased cross border trade.

Globalization is described as communication and interaction between various companies, countries,…

Answered: Can you make a summary to the given…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Can you make a summary to the given below that is more easier to understand?

REASONS OF GLOBALIZATION

Rapid shrinking of time and distance across the globe.
Domestic markets are no longer rich.
Companies and institutions go global to find political and economic stability.
To get technological and managerial know-how of other countries due to their advancement.
To reduce high transportation costs if one goes globally.
To be close to raw materials and to markets for their finished products.
The creation of the World Trade Organization (WTO) had made it possible in stimulating increased cross border trade.

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