Globalization of business and trade have the following distinct advantages EXCEPT:
A)rapid spread of technological advancement
B)exacerbation of environmental degradation
C)reduction in production cost
D)encouragement of competition between countries

Question

Quizplus · Accepted Answer

Exacerbation of environmental degradation is not an advantage of the globalization of business and trade.
Key Takeaway: Globalization has opened the world for the exchange of goods, services, and technological knowledge. As companies and countries compete to dominate the world market in their niche, production costs have decreased while innovation has increase. However, environmental degradation has become a consequence of globalization and the widespread and mass use of natural resources to produce goods.

Globalization of Business and Trade Have the Following Distinct Advantages