 Globalization, has 10 major characteristics they are the Globalization has 10 characteristics, they are

the integration of national economy, Free Market Economy, Economic Interdependence, Free
Movement of Products, Free Flow of Factors of Production, Standardized Technology, Global
Competition, Global Corporations and Global Image, Facilitated by Global Organizations, Expansion
in World Trade Volume, and the Mergers and Acquisitions Let’s tackle the integration of national
economy first, the integration of national economy a deal between nations that usually involves
lowering or removing trade restrictions and coordinating monetary and fiscal policies. Second is the
Free Market Economy, a market-based economic system with little to no government regulation. A
great example of an economic trade is paying for groceries at a defined price set by the farm farmer.
Third is the Economic Interdependence. Interdependence involves multiple parties where one party
has resources that the other party needs to meet its requirements, and this transfer of resources
works mutually. Both parties help each other to meet their needs. Free Movement of Products is the
fourth one. It aims to maximize European trade by removing barriers. It is the abolition of customs
charges, quantitative limits, and the ban of actions having a comparable impact that provides the
first of the internal market's four essential freedoms. Fifth is standardized technology it is the
process of putting your applications and computer systems in a position where they meet a
minimum set of standards that match your business strategy, security guidelines, and objectives. It
Maintains product differentiation while ensuring system interoperability. Increase the addressable
markets for current products and technologies while creating new markets. By utilizing economies
of scale and multiple vendors, improve cost-effectiveness. Continue to develop technology by
encouraging involvement, cooperation, and competition from a wide range of businesses, resulting
in the greatest possible solution. Sixth is the Global Competition, which is the services or goods
offered by rival businesses that cater to global clients. Global competition presents difficulties, and
for businesses to succeed, cultural nuances must be taken into account. The seventh is the Global
Corporations and Global Image. Global Corporations and Global Image In globalization is the spread
of the movement of goods, information, and financial products. and jobs that cross cultural and
national boundaries. Facilitated by Global Organizations is the eighth, while the ninth is the
Expansion in world trade volume which means the growth strategy known as "global expansion"
entails bringing operations, goods, and services from a domestic market to target markets abroad.
Other names for it include "foreign expansion," "overseas expansion," and "international
expansion." The finest illustration of this is how multinational corporations like Apple, Coca-Cola,
and IBM began in one market and gradually expanded to other countries. It is followed by the
Mergers and Acquisitions which is the last one. Mergers and Acquisitions is An all-encompassing
phrase used to represent the combination of businesses or assets through different kinds of
financial deals, such as mergers, acquisitions, consolidations, tender offers, asset purchases, and
management acquisitions.