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Globalization has significantly impacted businesses by increasing competition, expanding markets, and enabling access to global resources. Businesses have adapted by implementing strategies such as outsourcing production to lower-cost countries, utilizing technology for remote work and communication, and diversifying their product offerings to cater to diverse markets. For example, multinational corporations like Apple have established supply chains in multiple countries to reduce costs and reach a wider customer base, while companies like Amazon have leveraged e-commerce platforms to sell products globally.

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5mo ago

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