Which of the following statements 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 the commercial, economic, social, and political environment of countries and markets. This can be seen in the interconnectedness of economies, the spread of cultural influences, and the rise of multinational corporations. It does not necessarily make countries and markets more independent (A) or lead to the replacement of regional trade blocs (B). Globalization often offers multinational companies more ways to reduce their expenses (D), such as sourcing materials and labor from different parts of the world.

Which of the Following Statements Is True of Globalization