Globalization has led to:
A) lower operational efficiency as firms must transport raw materials and finished goods farther.
B) increasing loyalty of customers for products made domestically.
C) declining returns from investment in research and development.
D) higher performance standards including quality and cost.

Question

Quizplus · Accepted Answer

Globalization has led to higher performance standards, including quality and cost, as firms are now competing on a global scale and must deliver better products and services at a lower cost to remain competitive. The other options do not accurately reflect the effects of globalization.

Globalization Has Led To