Market Saturation: Market saturation occurs when a product or service has reached its maximum potential within a specific market due to intense competition or limited consumer demand.
Globalization: Globalization refers to the increasing interconnectedness of economies, cultures, societies, and individuals around the world through various processes such as trade, communication, technology advancements, and cultural exchange.
Multinational Corporation (MNC): A multinational corporation is a large company with operations in multiple countries. MNCs often have headquarters in one country while conducting business activities across several others.