Globalization is an issue primarily for
A)large transnational firms.
B)medium-sized transnational firms.
C)small transnational firms.
D)domestic firms with overseas sales.
E)all firms.

Question

Quizplus · Accepted Answer

Globalization affects all firms, whether they are small domestic firms with overseas sales or large transnational firms. The interconnectedness of the global economy and the flow of goods, services, and information across borders can affect the competitiveness of all businesses, regardless of their size or location. Moreover, global trends and changes in consumer preferences or regulations can have a ripple effect on supply chains and markets worldwide. Therefore, all firms need to be aware of the challenges and opportunities posed by globalization and develop strategies that can help them thrive in a rapidly changing environment.

Globalization Is an Issue Primarily for