_____ can constrain the globalization of markets.
A)Differences in technical standards
B)Uniform standard of living
C)Cosmopolitan tastes and preferences
D)Market segments that transcend national borders
E)Convergence of cultures

Question

Quizplus · Accepted Answer

Differences in technical standards can create barriers to entry for foreign companies and restrict globalization of markets. For example, different countries may have different safety standards for products, or use different electrical plugs and sockets, which can make it difficult for companies to sell their products in foreign markets. This can result in economies of scale being limited to a certain extent, preventing the full globalization of markets.

_____ Can Constrain the Globalization of Markets