One response of U.S.companies to the 2008 global recession has been a shift toward ________.
A) increased importing
B) increased exporting
C) globalization
D) localization

Question

Quizplus · Accepted Answer

The best choice is D - localization. During the 2008 global recession, many U.S. companies shifted their focus towards local markets in order to cut costs and improve efficiency. This trend is known as localization, and it involves focusing on domestic markets rather than global ones. By doing so, companies can better understand the needs and preferences of their local customers and tailor their products and services to meet those needs. This allows them to gain a competitive advantage and increase their sales and profitability. Therefore, option D is the best answer.

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