Which of the following factors hinders globalization of consumer goods market?
A) National differences in tastes and preferences
B) Higher production costs in developed nations
C) Homogenization of material culture
D) Increasing outsourcing of goods and services

Question

Quizplus · Accepted Answer

National differences in tastes and preferences often lead to the need for customization of goods or services, hindering globalization of the consumer goods market. This makes it difficult for companies to standardize their products across different regions and satisfy diverse consumer needs.

Which of the Following Factors Hinders Globalization of Consumer Goods