Question

State the meaning of ‘globalisation'. In what way have the Indian business house/ management responded to this change ?​

Answer 1

Answer:

Globalization is a process that encompasses the causes, courses, and consequences of transnational and transcultural integration of human and non-human activities

Explanation:

This has led to cultural homegesition, making culture more different and distinctive. (iii) This has led to deregulation of many commodities like oil.

Hope so this may help you !!

Answer 2

Explanation:

Globalization is a process that encompasses the causes, courses, and consequences of transnational and transcultural integration of human and non-human activities. India currently accounts for 2.7% of world trade (as of 2015), up from 1.2% in 2006 according to the World Trade Organization (WTO). ...