A major factor in the ability of firms to purchase
Services or components from other nations is:
A)the wider use of English as an international language.
B)lowered transportation and communications costs.
C)the agreement by the WTO to allow firms to trade in intermediate goods.
D)better health and safety standards abroad.

Question

Quizplus · Accepted Answer

Lowered transportation and communication costs have made it easier and more cost-efficient for firms to purchase services or components from other nations. This has led to an increase in international trade and globalization. The other options, while potentially relevant to international trade, do not directly address the ability of firms to purchase services or components from other nations.

A Major Factor in the Ability of Firms to Purchase