Which result is most directly associated with globalisation of business?
Correct answer: B. Greater access to foreign markets and resources
- A. Fewer international competitors in domestic markets
- B. Greater access to foreign markets and resources
- C. Complete removal of cultural differences
- D. Uniform laws in every participating country
Explanation
Globalisation connects businesses with foreign customers, suppliers, investors, and competitors. It does not create identical laws or eliminate cultural differences between countries.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
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.
Practise The Business Environment
30 free The Business Environment MCQs from Introduction to Business, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Introduction to Business questions like this
Introduction to Business is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More The Business Environment questions
In business analysis, environmental complexity refers mainly to the:
During an economic recession, which product category usually faces the earliest decline in demand?
Which condition indicates that a business environment has high uncertainty?
A business practice may be considered unethical even when it is legal because ethics concerns:
A firm's bargaining power over suppliers is generally strongest when:
Which institution most directly shapes Pakistan's business environment through monetary policy?