Question : One positive impact of globalization on consumers is:
Option 1: Limited product choices
Option 2: Higher prices of goods and services
Option 3: Access to a wide variety of products
Option 4: Reduced quality of goods and services
Correct Answer: Access to a wide variety of products
Solution : The correct answer is (c) Access to a wide variety of products
One positive impact of globalization on consumers is the access to a wide variety of products. Globalization has expanded trade networks and improved transportation and communication systems, enabling the exchange of goods and services across borders.
Globalization has facilitated the spread of international brands, allowing consumers to enjoy products that were previously unavailable or difficult to obtain locally. It has also contributed to the availability of niche and specialty products that cater to specific consumer preferences and needs.
This increased access to a wide variety of products provides consumers with more choices and the ability to select items that align with their preferences, budgets, and lifestyles. It promotes competition among producers, which can lead to improved product quality, innovation, and competitive pricing.
