According to our textbook,the growing integration of the world economy is:
A) increasing the intensity of competition within the home market of a company in a wide range of manufacturing and service industries
B) decreasing the intensity of global competition in manufacturing industries, and increasing the intensity of domestic competition in services
C) increasing the intensity of global competition in manufacturing industries, and decreasing the intensity of domestic competition in services
D) narrowing the scope of global competition in a wide range of service, commodity, and manufacturing industries
E) Widening the opportunities for competing with manufacturing companies within their home market and narrowing the opportunities for competing with service companies in their home market.

Question

Quizplus · Accepted Answer

The growing integration of the world economy, often referred to as globalization, is increasing the intensity of competition within the home market of a company across various industries. This is because companies are not only competing with local businesses but also with international companies that enter their home markets.

According to Our Textbook,the Growing Integration of the World Economy