Had globalization not occurred,most European companies would not have been able to compete against larger U.S.and Japanese companies because of:

Question

Quizplus · Accepted Answer

The small size of most of the European nations would have made it difficult for their companies to achieve economies of scale, which is a key factor in competing against larger companies. Globalization has allowed for greater integration and cooperation among European countries, which has helped companies to pool resources and achieve economies of scale.

Had Globalization Not Occurred,most European Companies Would Not Have Been