Which of the following is the most accurate statement about the globalization of markets?
A)Although market borders are blurring,it is still easy to determine the nationality of companies.
B)Many U.S.companies with famous brands are now controlled by global enterprises.
C)Doing business beyond borders is common only for U.S.companies.
D)Because many companies are multinational,cultural differences are not as important.

Question

Quizplus · Accepted Answer

Option B is the most accurate statement as it acknowledges the presence of global enterprises that control renowned U.S. companies, leading to the globalization of markets. Option A is incorrect as nationalities of companies can be challenging to determine due to globalization. Option C is incorrect as businesses worldwide engage in cross-border activities. Option D is incorrect as cultural differences remain an essential consideration for companies operating in a global market.

Which of the Following Is the Most Accurate Statement About