Question

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

Answer 1

Taking advantage of new forms of technology because through technology we have the internet and through the internet E - commerce has become very popular among many businesses were you could find all cheap and expensive goods, take amazon and ali baba as an example, these two are the largest and most popular e commerce sites in the world, they offer anything you can have in mind, and with that, this increases the competition among many businesses where they have to rush into production which includes making cheap products because cheap products don’t require enough time to produce unlike expensive products.

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