What impact has global competition had on business activities in the international marketplace?
A) It has shifted the focus from a consumer's market to a seller's market.
B) It has increased product life cycles.
C) It has put more power in the hands of the customer.
D) It has reduced the competitive spirit of most businesses in a marketplace.
E) It has limited the choices of the consumers.

Question

Quizplus · Accepted Answer

Global competition has empowered customers by providing them with more options and forcing businesses to be more responsive to their needs and preferences, thus putting more power in their hands.

What Impact Has Global Competition Had on Business Activities in the International