Question

How does globalization affect consumers? Check all that apply.

Answer 1

Answer:

It is option A, B, C

Answer 2

Answer:

Out of the options provided, globalization affect consumers in the following ways:

A. It increases awareness of new goods and services.

B. It allows people to purchase products instantly

Explanation:

Globalization can simply be put as a system that brings about massive growth and development in businesses to a worldwide standard due to influence from the international connections. Through this process, companies or businesses gain international connections and influence which in return increases sales and a better standard of living.

However, globalization has also brought about the following:

• Cost of living to a lower rate
• Waste management control of scarce resources
• Easy flow of capital within countries involved
• High demand for goods
• Lower prices of goods
• Labor exchange within global companies and countries
• Globalization brings about cultural exchange