Globalization has reduced the need for innovation by equalizing production costs.

Name: Globalization has reduced the need for innovation by equalizing production costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Globalization has actually increased the need for innovation as companies must compete with others around the world. Equalizing production costs has made it essential for companies to innovate in order to remain competitive and maintain profitability.

Globalization Has Reduced the Need for Innovation by Equalizing Production