Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

In today’s world, the flow of goods and services is not only cheap and fast, but reliable and secure. You can order anything you wish from any part of the world. The Internet has been connecting people without any limitations or boundaries in the way of doing business. Identify the concept being described in the above lines.

Options:

Liberalisation

Privatisation

Globalisation

Demonetisation

Correct Answer:

Globalisation

Explanation:

The concept being described in those lines is Globalisation. It emphasizes the seamless flow of goods, services, and information across borders, facilitated by the interconnectedness of the Internet, leading to a globalized and interconnected world.