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University of South Africa • MNG 3702 ASSIGNMENT 02 / SEMESTER 1 2022

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University of South Africa • ENTREPRENEURSHIP & SMALL BUSINESS MANAGEMENT MNE 2

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University of South Africa • PRINCIPLES OF GLOBAL BUSINESS MANAGEMENT

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Two major types of globalisation are described by Aregbeshola (2017, 7), namely market and production globalisation. In essence, market globalisation involves merging of previously discrete and independent markets into a global structure. Market globalization thus enables international trade via removal of trade barriers. Differing consumer tastes from various parts of the world set new global standards, which enable them to receive the same products from different companies. Globalization...

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