How have companies from different countries reacted to globalization?
By decreasing product prices
By increasing production costs
By limiting customer base
By avoiding international competition
Companies from different countries have reacted to globalization in various ways. Some have embraced the opportunity to expand their customer base and reach new markets by establishing a global presence. These companies have often reduced product prices in order to remain competitive in the global marketplace.
Others have chosen to increase their production costs in order to improve the quality of their products and maintain a competitive edge. By investing in research and development, technology, and skilled labor, these companies aim to differentiate themselves and attract customers who are willing to pay a premium for higher-quality goods.
Some companies have also limited their customer base by focusing on domestic markets and avoiding the challenges of international competition. These companies may prioritize stability and profitability within their own borders rather than taking on the risks and uncertainties associated with global expansion.
Overall, the reaction to globalization by companies from different countries varies depending on their business strategies, resources, and goals. While some may choose to take advantage of the opportunities presented by globalization, others may opt to remain more cautious and selective in their approach.
Choose one of the following answers from the previous question.
A. By decreasing product prices
B. By increasing production costs
C. By limiting customer base
D. By avoiding international competition