Restrictive trade barriers most likely influence the globalization of businesses by encouraging firms to ________.
A)develop joint ventures with local firms
B)import supplies from foreign vendors
C)expand the exportation of raw materials
D)switch from exporting to overseas manufacturing

Question

Quizplus · Accepted Answer

Restrictive trade barriers make it difficult for businesses to export their products, so they may switch to overseas manufacturing to produce the goods locally and avoid the trade barriers. A and B may also be valid options, but they are not necessarily encouraged by trade barriers. Expanding the exportation of raw materials (C) may not be a feasible option for many businesses as it is not profitable to export raw materials alone.

Restrictive Trade Barriers Most Likely Influence the Globalization of Businesses