The global economy has intensified rivalry by increasing product and vendor choices and by accelerating the flow of information about price, product, availability, and service.

Question

Quizplus · Accepted Answer

The statement is true. The global economy has facilitated increased competition by enabling consumers to choose from a wider range of products and vendors and by providing them with quick access to information about various factors such as price and availability.

The Global Economy Has Intensified Rivalry by Increasing Product and Vendor