Which of the following statements about globalization is true?
A) Customization becomes easy as global competitors seek production efficiencies.
B) Globalization has led to a host of new competitors on the global stage.
C) It is not necessary for firms to customize their products to expand globally.
D) Globalization hasn't changed the dynamics of the workforce.

Question

Quizplus · Accepted Answer

Globalization has led to the emergence of new competitors on the global stage, which has increased competition and created opportunities for companies to expand globally. However, customization has become more difficult as companies strive for production efficiencies through global standardization. Globalization has also changed the dynamics of the workforce, with increased mobility of labor and the rise of remote work.

Which of the Following Statements About Globalization Is True