How technology has helped in the globalization of businesses. (Essay Sample)

HOW TECHNOLOGY HAS HELPED IN GLOBALIZATION OF BUSINESES.
Technology is the application of scientific knowledge such as machinery and equipment for practical motives, principally in industry. Technology Advancement simply means understanding of technology .In business today; technology is a growing necessity that any business with an objective of making profit and also surviving in this competitive industry has to invest in heavily CITATION Kom08 \l 1033 (Komninos, 2008).
In modern times, many if not all businesses have turned to technology as strategy to conduct their day to day business. This is because Technology has enabled business to globalize in various ways. This ways include;
Minimizing trade barriers
Technology has minimized the trade barriers that cause difficulty in trade and overall business CITATION Cas99 \l 1033 (Castells, 1999). Today, a person in one continent can trade with another from a different continent regardless of different language existing for both parties CITATION Cas99 \l 1033 (Castells, 1999).