The globalization of markets and manufacturing has vastly increased

Question

Quizplus · Accepted Answer

The globalization of markets and manufacturing has led to an increase in international competition. As companies are no longer limited to selling their products and services within their own borders, they must compete with other businesses around the world. This has led to increased pressure to improve the quality of products and services, as well as to lower prices in order to remain competitive. Additionally, companies are now faced with the challenge of navigating cultural differences and adapting their products to meet the needs of a global audience.

The Globalization of Markets and Manufacturing Has Vastly Increased