What is meant by globalization in a business context?

Globalization in a business context refers to the international operation of businesses or organizations. This encompasses the ways in which companies expand their operations and reach to markets beyond their domestic boundaries, involving activities like international trade, investment, and the establishment of operations in foreign countries.

Globalization allows businesses to access new markets, capital, and resources, and it often leads to increased competition and collaboration at a global scale. Companies engaging in globalization may adapt their products and services to meet the diverse needs of consumers in various countries, taking into account cultural, economic, and regulatory factors. This process plays a crucial role in the growth and scalability of businesses as they seek to take advantage of opportunities in the global market.

The other options focus on aspects that are more localized or internal to a company, such as workforce expansion or branding, which do not fully encapsulate the broader implications of operating across international borders.