Question

Which statements best explain how globalization offers an advantage to businesses? Choose four answers. 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 new forms of democracy to make products cheaply. Businesses can take advantage of faster technology to make products faster.

Answer 1

Answer:

• Businesses can take advantage of new forms of technology to make products cheaply.
• Businesses can take advantage of new forms of democracy to make products cheaply.
• Businesses can take advantage of faster technology to make products faster.

Explanation:

Answer 2

The advantage that globalization offers is summarized as: based on the new democracy, cheaper and faster technology are used to produce products faster.

What is Globalization?

Globalization can be described as a form of various countries across borders, spreading and sharing products, information, and technology interdependently.

An advantage of globalization that business can leverage on is, new forms of technology that are cheaper to use to produce products faster, given the new form of democracy that paved way for such process.

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