The increase in Hollywood revenues outside North America reflects which business trend? Multiple Choice strategic alliance globalization cost reduction cultural distance local responsiveness

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22-07-2020
Business

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The increase in Hollywood revenues outside North America reflects which business trend? Multiple Choice strategic alliance globalization cost reduction cultural distance local responsiveness

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sebastiansierraocm sebastiansierraocm · Answer 1 · 2020-07-28T02:02:53+02:00

sebastiansierraocm sebastiansierraocm

28-07-2020

Answer:

globalization

Explanation:

Hollywood has become a global business for quite some time, being by far the most important and lucrative cinema business in the world.

Hollywood producers dominate the world markets with blockbusters that make billions of dollars every year.

Recently, the growth of the Chinese market has represented a huge new market for Hollywood producers.

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andromache andromache · Answer 2 · 2022-03-25T15:39:25+01:00

The increase in Hollywood revenues outside North America reflects globalization.

What is globalization?

It is the process where the people and the products should be moved easily across the borders. It is an economic concept where the market should be integrated, also there should be trade and investment that contain few barriers so that the flow of the products could be less. Also, the Hollywood should be the global business that represent the lucrative cinema business.

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