Define the term "globalization."

Globalization refers to the process by which businesses and other organizations develop international influence or operate on a global scale. This concept encompasses the expansion of trade, investment, and culture across international borders, leading to increased interconnectedness among countries.

As businesses seek new markets, they often adapt their products and services to meet the needs of consumers in different countries, which can promote economic growth and cultural exchanges. Globalization also involves advancements in technology, communication, and transportation, which facilitate these international operations.

The other options do not accurately capture the essence of globalization. One option mentions local businesses closing down, which could be a consequence of globalization but does not define the process itself. Another option references stricter trade laws, which can hinder globalization rather than describing the process of increasing global interconnectedness. Lastly, reducing international travel does not align with the concept of globalization, which generally encourages movement across borders for trade and cultural exchange.