Question

Which statements best explain how globalization offers an advantage to businesses? Check all that apply. 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

I believe the answer is:

- 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 faster technology to make products faster

Globalization allows people to communicate and transport from one country to another in a way faster and cheaper manner compared to pre-globalization. Because of this, it is possible for companies to find cheaper materials on other countries, exchanging information to develop technologies to create more efficient production, and conducting internatonal trades to leverage other countries' taxation system.

Answer 2

- 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 faster technology to make products faster