Question

Which statements best explain how globalization offers an advantage to businesses? choose four answers. businesses can take advantage of favorable laws to make products cheaply. businesses can take advantage of favorable taxes to make products cheaply. businesses can take advantage of new forms of technology to make products cheaply. businesses can take advantage of new forms of democracy to make products cheaply. businesses can take advantage of faster technology to make products faster.

Answer 1

The four answers that support the advantage of globalization in the business industry are options (a), (b), (c), and (e).

How does globalization offer an advantage to businesses?

People can communicate and travel from one country to another much faster and cheaply thanks to globalization than they could before.

As a result, corporations can source cheaper materials in other nations, exchange information to develop technologies for more efficient production, and undertake international trade to benefit from the taxation systems of other countries.

To learn more about globalization, refer below

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