All of the following describe the effects of globalization except:
A)significant decreases in operating costs.
B)reduction of labor costs through outsourcing.
C)ability to find low-cost suppliers.
D)increases in transaction costs.

Question

Quizplus · Accepted Answer

Globalization is generally associated with decreases in operating costs, labor costs, and an increased ability to find low-cost suppliers due to increased competition and access to global markets. However, one possible negative effect of globalization is an increase in transaction costs, which may arise from navigating different legal and regulatory systems, as well as cultural and language barriers.

All of the Following Describe the Effects of Globalization Except