Thank you for visiting Globalization Multiple Choice A Provides the opportunity to sell more goods and services B Has declined somewhat over the past 25 years C Can limit. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Final answer:
Globalization provides the opportunity to sell more goods and services by broadening the global marketplace, making it the correct answer to the multiple-choice question. Other options either misrepresent the nature of globalization or fail to capture its essence as a historic and ongoing process.
Explanation:
The student's question on globalization touches upon how the increasing interconnectivity of the world's economies, cultures, and populations, driven by trade, technology, and communication, affects markets and competition. Looking at the provided options, globalization:
- a. Provides the opportunity to sell more goods and services. This is accurate, as globalization allows for market expansion and a broader customer base for businesses.
- b. Has declined somewhat over the past 25 years. This is not accurate, as globalization has increased over this period, with greater interconnectedness seen across all continents.
- c. Can limit competition. While it can create monopolies in certain contexts, the broad trend of globalization is to increase competition by opening markets to more players.
- d. Is a relatively new phenomenon. Although its pace has accelerated in recent decades, the roots of globalization can be traced back centuries.
Therefore, the most appropriate option is (a) which states that globalization provides the opportunity to sell more goods and services, reflecting the broadening of the global marketplace due to reduced trade barriers and technological advancements that facilitate the flow of goods, services, and information.
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