With globalization,the speed of competition has:
A)increased
B)decreased
C)remained constant
D)become extinct

Question

Quizplus · Accepted Answer

Globalization has increased the speed of competition due to increased access to global markets, the use of technology and increased trade liberalization. Companies now have to compete with a larger pool of rivals, which has led to increased pressure to innovate, improve product quality, and reduce costs. Therefore, the speed of competition has increased due to globalization.

With Globalization,the Speed of Competition Has