Final answer:
The acquisition of a local bakery by a global business demonstrates the buyer's active participation in globalization, aiming to expand the market and integrate into the global goods and services market.
Step-by-step explanation:
The purchase of a local bakery and its production facilities by a global business suggests that the buyer is participating actively in the phase of globalization. This phase is characterized by enterprises extending their operations and market reach across national borders, engaging in international trade, and capitalizing on the global goods and services market.
As firms offer products and households across the globe become buyers, local businesses face increased competition due to technological advancements that facilitate more expansive and efficient markets. The acquisition implies that the buyer is seeking to expand its market share, diversify its product offerings, or tap into the local expertise of the bakery to strengthen its global presence. This initiative is a clear indication of the buyer's engagement in global market integration.