Question : How has globalization influenced the structure of markets?
Option 1: By reducing the number of multinational corporations
Option 2: By promoting local businesses over international brands
Option 3: By increasing the diversity of products available
Option 4: By limiting the spread of technology
Answer (1)
26th Jan, 2024
Correct Answer: By increasing the diversity of products available
Solution : Globalization has influenced the structure of markets by increasing the diversity of products available, as international trade and communication allow for a wider range of goods and services.
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