The pressure for globalization is intense when new products require major investments and long periods of development time.

Question

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This is because globalization can help companies reach a larger market, offsetting the costs and risks of product development. By selling products in multiple countries, companies can spread out their investment and mitigate the risk of relying on a single market. Additionally, globalization can lead to economies of scale and efficiency gains, which can further offset development costs.

The Pressure for Globalization Is Intense When New Products Require