Which of the following spurred the entry of small businesses into global arena?
A)GLOBE
B)EU
C)NAFTA
D)ASEAN
E)GATT

Question

Quizplus · Accepted Answer

NAFTA, or the North American Free Trade Agreement, eliminated trade barriers between the United States, Canada, and Mexico, making it easier for small businesses to enter the global market. This agreement reduced tariffs and allowed for easier movement of goods and services between the three countries, creating a more open and competitive market. This encouraged small businesses to explore new opportunities for growth and expansion beyond their domestic markets. While the other options listed have also impacted global trade in different ways, NAFTA specifically focused on creating a more favorable environment for small businesses to enter the global arena.

Which of the Following Spurred the Entry of Small Businesses