Can you summarize Globalization has become a dominant factor in the modern business landscape, with companies increasingly engaging in international trade and operations. There are several key reasons why globalization has become such an important aspect of business strategy: Access to Market: Globalization provides companies with access to a much larger market, enabling them to expand their customer base and increase their revenues. By tapping into global markets, companies can access new customers, expand their product or service offerings, and diversify their revenue streams. Cost Efficiency: Globalization allows companies to achieve cost efficiencies through economies of scale, specialization, and access to a wider range of resources. By sourcing raw materials, labor, and services from different countries, companies can often reduce costs and improve profitability. Competitive Advantage: Globalization provides companies with opportunities to gain a competitive advantage by leveraging their global presence, market knowledge, and access to resources. Companies that embrace globalization can develop innovative products, improve customer service, and gain a competitive edge in the market