Which statements best explain how globalization offers an advantage to businesses? Check all that apply. 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.

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29-11-2017
Social Studies

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Which statements best explain how globalization offers an advantage to businesses? Check all that apply. 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.

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andriansp andriansp · Answer 1 · 2018-10-08T13:12:09+02:00

I believe the answer is:

- 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

Globalization allows people to communicate and transport from one country to another in a way faster and cheaper manner compared to pre-globalization. Because of this, it is possible for companies to find cheaper materials on other countries, exchanging information to develop technologies to create more efficient production, and conducting internatonal trades to leverage other countries' taxation system.

marvineetesh3 marvineetesh3 · Answer 2 · 2022-02-15T07:55:54+01:00

Globalization means the integration of the economy into the world's economy.

The true statements about globalization offer an advantage to businesses are:

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

What is globalization?

Economic globalization means the general international occurrence of goods, capital, services, technology, and information.

Globalization permits people to communicate and transport from one country to some other country in a way faster and low-cost manner compared to pre-globalization. Because of this,

It is achievable for companies to find cheaper materials in other countries, exchange messages to create technologies to make more cost-effective production, and manage international trades to purchase other countries' taxation system.

Therefore, Globalization offers an advantage of favorable laws, taxes, and technology.

Learn more about globalization, refer:

https://brainly.com/question/16499151