Globalization Multiple Choice has greatly improved living standards around the world. has significantly reduced living standards around the world. has opened doors to only a handful of markets. has greatly changed companies that hire people to sell products, but not companies?

Question

Reyna Beck

Business

25 October, 04:03

Globalization Multiple Choice has greatly improved living standards around the world. has significantly reduced living standards around the world. has opened doors to only a handful of markets. has greatly changed companies that hire people to sell products, but not companies?

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Siena Meyers · Answer 1

The correct answer is letter "A": has greatly improved living standards around the world.

Explanation:

Globalization refers to the tendency of increasing the use of technology in mankind's lifestyle to bring down barriers and shorten distances. Globalization has had a major influence in the change of businesses since, for instance, labor is not offered within the barriers of the region where a company operates only, buyers and sellers do not need to physically meet anymore to exchange goods or services, and countries every time take more advantage of international trade to request goods necessary to satisfy their inhabitants' needs.

In such a scenario it is clear to conclude that the standards of human beings around the world have been boosted by globalization.