Globalization refers to the increasing interconnectedness and interdependence of countries, economies, and cultures across the world. It involves the exchange of goods, services, information, and ideas on a global scale, facilitated by advancements in technology, transportation, and communication.
A multinational company operates in multiple countries, leveraging global supply chains, international markets, and diverse talent pools. They have offices and production facilities in different countries, and their products are sold worldwide. The company's operations and strategies are influenced by global market trends, cultural differences, and international trade agreements.