Which of the following factors constrains the globalization of markets?
A) Difference in technical standards
B) Uniform standard of living
C) Cosmopolitan tastes and preferences
D) Market segments that transcend national borders
E) Convergence of cultures

Question

Quizplus · Accepted Answer

Differences in technical standards pose a significant challenge to the globalization of markets, as it increases the complexity and cost of adapting products to various markets.

Answer: B 
 Uniform standard of living could facilitate the globalization of markets, rather than constrain it.

Answer: C 
 Cosmopolitan tastes and preferences could also facilitate the globalization of markets, as it creates a homogenous demand for certain products across different markets.

Answer: D 
 Market segments that transcend national borders, also known as global market segments, could facilitate the globalization of markets, as it allows firms to target a homogeneous group of consumers across different markets.

Answer: E 
 The convergence of cultures could facilitate the globalization of markets, rather than constrain it, as it creates a more homogenous global market for certain products.

Which of the Following Factors Constrains the Globalization of Markets