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 still extremely rare.
D)Because the United States dominates the world economy, American companies have no need to adapt to other cultures.

Question

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 still extremely rare.
D)Because the United States dominates the world economy, American companies have no need to adapt to other cultures.

Quizplus · Accepted Answer

Many U.S. companies with famous brands, such as Budweiser and Burger King, are now owned and controlled by global enterprises, showing the extent of globalization in the market. Option A is incorrect because determining the nationality of companies has become difficult with the growth of multinational corporations. Option C is incorrect as doing business beyond borders is becoming increasingly common. Option D is incorrect because adapting to other cultures is essential for companies to succeed globally.

Which of the Following Is the Most Accurate Statement About