Question

Which statements best describe how businesses can take advantage of globalization? Select all that apply.

Answer 1

Answer:

Globalization has enabled firms to specialize – and to increase the intensity of R&D, innovation and capital in their output. Globalization has made it easier for new companies to start competing with old incumbents. The trade sector has increased the number of people that it employs, both through exports and imports.

Explanation:

Answer 2

Answer:

• Businesses can take advantage of favorable laws to make products cheaply.
• Businesses can take advantage of favorable taxes to make products cheaply.
• Businesses can take advantage of new forms of technology to make products cheaply.
• Businesses can take advantage of faster technology to make products faster.

Explanation:

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