The two trends impacting upon the processes of contemporary business practice are:

Globalisation
Sustainable development

Question

The two trends impacting upon the processes of contemporary business practice are:

Globalisation 
Sustainable development

BlackTom AI · Accepted Answer

The question presents a short stem with two items and asks whether this pairing describes two trends influencing contemporary business practice.
Option 1: True. This statement identifies Globalisation as a major driver of modern business, shaping cross-border trade, supply chains, and market access. It also cites Sustainable development, which has become a central concern for firms due to ESG considerations, regulatory expectations, and stakeholder pressure. Taken together, these are widely discussed as two key, influential trends shaping strategic decisions, operations, and long-term planning in many industries.
Option 2: False. If one claimed this is false, the objection would need to be that at least one of the listed items is not a trend or that the pair does not capture the major forces at play. However, Globalisation is well established as a trend impacting processes such as sourcing, competition, and globalization of markets. Sustainable development is also recognized as a guiding trend influencing corporate strategy, risk management, and accountability. While more trends exist (e.g., digitalisation, automation, changing demographics), the statement does not misrepresent the existence of these two forces as trends; it simply omits other trends rather than denying these two.
In summary, the statement aligns with common understandings of current business drivers, underlining how global integration and sustainability considerations shape contemporary practices, while recognizing that additional trends also influence the landscape. The contrast between options hinges on whether one accepts both items as trends, which they are, rather than disputing their status as trends.

25847 Sustainable Finance - Spring 2025 Quiz 3: Topic 3 - Corporate Governance and the Emergence of CSR

The two trends impacting upon the processes of contemporary business practice are: Globalisation Sustainable development

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