One of the goals of globalization is to reduce costs by:

Question

Quizplus · Accepted Answer

Globalization aims to reduce costs by pooling production, which involves taking advantage of different countries' comparative advantages and exploiting factor costs or capabilities. This strategy helps companies reduce costs and increase efficiency. The other options, such as charging more for products, skimming techniques, and dumping surplus, are not consistent with the goal of reducing costs.

One of the Goals of Globalization Is to Reduce Costs