lobalization brings about intense competition in markets that have been in the past largely domestic in nature or limited to one import source.

Question

Quizplus · Accepted Answer

Globalization allows companies to expand beyond their domestic markets and compete with others from around the world. As a result, markets that were once limited to domestic competition or a single import source are now exposed to intense competition from various sources.

Lobalization Brings About Intense Competition in Markets That Have Been