Question

Which statement best describes how buisinesses can take advantage of globalization

Answer 1

Answer:

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.

1,2,3,5

Explanation:

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Answer 2

Answer:

   Using lower labor costs in other countries. This phenomenon has triggered the expansion of corporations towards developing countries where they can produce at a lower cost, increase their effectiveness and its potential to compete in prices.

   Transporting resources quickly from distant locations. It is another feature that makes production processes more efficient.

   Communicating more quickly with other countries, which also help businesses to make transactions much easier and quicker.

Are all ways they can take advantage

Explanation:

The other two options are not selected because they describe phenomena which are actually the opposite to what globalization has brought. On the first hand, globalization has brought markets closer and many trade barriers have been removed. On the other hand, the possibility of having trade partners all over the world has incredibly increased the volume of transactions in total and with other countries.