Globalization has significantly reduced the complexity of the business environment.For example,companies can find suppliers and customers in many countries where materials are cheaper,which reduces competition and complexity.

Question

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Globalization has actually increased the complexity of the business environment. While it may provide opportunities to find cheaper suppliers and customers in other countries, it also introduces new cultural, legal, and logistical differences that companies must navigate. This can increase competition and make it more difficult for companies to succeed in the global market.

Globalization Has Significantly Reduced the Complexity of the Business Environment