Which of the following statements is true in the context of globalization of production and markets?
A) Globalization of production has significantly increased the costs for many industries.
B) The globalization of markets and production has failed to threaten companies' home markets.
C) Consolidated oligopolies continue to be dominated by a small number of companies despite globalization.
D) The shift from national to global markets has curbed competitive rivalry in many industries.
E) Globalization has significantly increased the threat of entry.?

Question

Quizplus · Accepted Answer

Globalization of production and markets has increased the threat of entry for companies because now they have to compete with firms from all over the world rather than just within their national borders. The barriers to entry have been lowered with the increase in global communication and transportation, making it easier for new players to enter the market.

Which of the Following Statements Is True in the Context