Global competition to increase market share and profitability by increasing the number of satisfied customers at lower cost is the primary driver of globalization.

Question

Quizplus · Accepted Answer

Globalization is driven by the desire to increase market share and profitability by providing goods and services to a larger audience at a lower cost. This can be achieved through economies of scale, increased efficiency, and the ability to access new markets. Ultimately, the goal of globalization is to satisfy customers and create value for stakeholders, leading to increased profits and growth opportunities for companies.

Global Competition to Increase Market Share and Profitability by Increasing