Globalization can reduce costs for ﬁrms, but can also result in increased competition.

Name: Globalization can reduce costs for ﬁrms, but can also result in increased competition.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Globalization can lead to cost-efficient measures such as outsourcing and access to cheaper resources, but it also means increased competition as firms from different countries can enter the same market.

Globalization Can Reduce Costs for ﬁRms, but Can Also Result