While the lowering of trade barriers made globalization of markets and production a theoretical possibility,which of the following has made it a tangible reality?
A) Major advances in communication, information processing, and transportation technologies
B) The rise of communism and the need for independent economies on a global scale
C) The increasing diversity in consumer tastes and preferences worldwide
D) The increasing differences in the material culture the world over
E) The decreasing significance of the World Trade Organization

Question

Quizplus · Accepted Answer

Major advances in communication, information processing, and transportation technologies have made it possible for companies to coordinate their activities and production processes across borders, and to reach customers in different parts of the world in a more efficient and cost-effective manner. This has led to the creation of global supply chains and the globalization of production.

While the Lowering of Trade Barriers Made Globalization of Markets