Asked by Rhonda Golden on Jun 24, 2024
Verified
The main players in the world's economy are almost exclusively U.S.companies despite globalization.
World's Economy
Describes the global network of economic activities, including production, consumption, and trade of goods and services across different countries.
U.S. Companies
Businesses that are incorporated, operate, or have their primary base of operations within the United States.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale.
- Grasp the implications of global interconnectedness on organizations and its relevance for strategic development.
Verified Answer
JG
Justin GeorgeJun 27, 2024
Final Answer :
False
Explanation :
While U.S. companies do play a significant role in the world's economy, there are many other multinational corporations from different countries that are major players as well. Globalization has led to an increase in international trade and investment, allowing companies from various countries to operate on a global scale. Therefore, it is not accurate to say that the main players in the world's economy are almost exclusively U.S. companies.
Learning Objectives
- Grasp the implications of global interconnectedness on organizations and its relevance for strategic development.