Which best describes the key developments in trade?
A) Digital innovation and drive to sustainability
B) Reverse innovation and mass customization
C) Growth of micro multinationals
D) All of the above

Question

Quizplus · Accepted Answer

Digital innovation has transformed the way trade is being conducted, with e-commerce platforms and online marketplaces connecting buyers and sellers across the globe. The drive towards sustainability has also become a key consideration in trade, with companies seeking to reduce their environmental footprint and promote ethical practices in their supply chains. Reverse innovation, where products are designed in emerging markets and then adapted for developed markets, has also become more prevalent. Mass customization, where companies tailor products and services to individual customer needs, has also emerged as a key trend. Finally, the growth of micro multinationals - small and medium-sized enterprises that operate globally - has made it easier for businesses of all sizes to access new markets and participate in international trade.

Which Best Describes the Key Developments in Trade