Page 94 - Business Studies 11-12 (2006)

INTERNATIONAL BUSINESS FUNDAMENTALS, GRADE 12, UNIVERSITY/COLLEGE PREPARATION (BBB4M) 93
– assess, considering factors such as markets, financing, and labour, how trends in the global marketplace have changed the ways in which an individual might run a business;
– explain how globalization creates the need for standardization of products, services, and processes (e.g., through the Interna- tional Organization for Standardization).