Which result is most directly associated with globalisation of business?
Correct answer: D. Greater access to foreign markets and resources
- A. Fewer international competitors in domestic markets
- B. Uniform laws in every participating country
- C. Complete removal of cultural differences
- D. Greater access to foreign markets and resources
Explanation
Globalisation connects businesses with foreign customers, suppliers, investors, and competitors. It does not create identical laws or eliminate cultural differences between countries.
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About The Business Environment
Business environment includes the internal factors and external forces that affect business decisions, performance and survival. It covers customers, competitors, suppliers, government, technology, economic conditions, society, law and ecology, including the distinction between the microenvironment and the wider PESTLE environment.
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