Globalization has accelerated and changed the nature of competition.

Question

Quizplus · Accepted Answer

Globalization has increased competition by allowing companies to operate on a global scale, increasing the number of competitors and changing the way companies compete for market share. With increased access to information, technology, and resources, companies are able to innovate and quickly adapt to changing market conditions, making competition more intense and dynamic.

Globalization Has Accelerated and Changed the Nature of Competition