Globalization of markets has reduced the importance of innovation.

Name: Globalization of markets has reduced the importance of innovation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Globalization of markets has actually increased the importance of innovation. With increased competition and a larger market, companies need to constantly innovate to stay ahead and attract customers. Globalization also allows for easier access to new technologies and ideas from around the world, which can enhance innovation.

Globalization of Markets Has Reduced the Importance of Innovation