Globalization has led to:
A) lower operational efficiency, as firms must transport raw materials and finished goods farther.
B) increasing loyalty of customers for products made domestically.
C) declining returns from investment in research and development.
D) higher performance standards in competitive dimensions, including quality and cost.

Question

Quizplus · Accepted Answer

Globalization has increased competition, pushing firms to improve quality and reduce costs to meet global standards, thus raising performance standards.

Globalization Has Led To