Question : How has globalization affected markets?
Option 1: By reducing international trade
Option 2: By increasing local cultural practices
Option 3: By standardizing products and services worldwide
Option 4: By decreasing the influence of multinational corporations
Answer (1)
13th Jan, 2024
Correct Answer: By standardizing products and services worldwide
Solution : Globalization has affected markets by standardizing products and services worldwide, leading to a convergence of consumer preferences and business practices.
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