Globalization requires that firms compete only on cost and not quality,speed or flexibility.

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Globalization has led to increased competition among firms not only on cost, but also on quality, speed and flexibility. In today's global market, customers expect high-quality products and services, delivered quickly and with flexibility to meet their changing needs. Firms that can offer all of these attributes at a competitive price are more likely to succeed in the global marketplace.

Globalization Requires That Firms Compete Only on Cost and Not