Which of the following is true of globalization?
A) It makes countries and markets more independent of each other.
B) It leads to the replacement of regional trade blocs with national markets.
C) It impacts the commercial,economic,social,and political environment.
D) It offers multinational companies fewer ways to reduce their expenses.

Question

Quizplus · Accepted Answer

Globalization impacts various aspects of the commercial, economic, social, and political environment across the world. It leads to the growth of international trade, investments, and cultural exchange, causing both positive and negative effects.

Option A is incorrect because globalization increases the interdependence between countries and markets.

Option B is incorrect as globalization promotes the growth of regional trade blocs and international organizations rather than replacing them with national markets.

Option D is incorrect since multinational companies have various methods to reduce their expenses, from outsourcing to relocating to low-cost countries.

Which of the Following Is True of Globalization