Two important changes to the global environment of business in recent years are:
A)foreign exchange & free trade.
B)growth of international competition & free trade.
C)growth of international competition & low prices.
D)high quality goods & prices.

Question

Quizplus · Accepted Answer

The growth of international competition and free trade are two important changes to the global environment of business in recent years. International competition has increased due to advancements in technology and communication, allowing businesses to operate on a global scale. Free trade agreements or policies have also lowered barriers to entry, allowing businesses to expand their markets beyond their domestic borders. These changes have led to a more competitive global marketplace and have challenged businesses to innovate and offer high-quality products and services at competitive prices.

Two Important Changes to the Global Environment of Business in Recent