Which of the Following Is an Effect of the Internet

question 44

Multiple Choice

Which of the following is an effect of the Internet on globalization?

• A) It triggered billion-dollar investments in fiber-optic telecommunications cables.
• B) It led to the demise of traditionally local businesses.
• C) It inhibited free trade.
• D) It increased the barriers to competition.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights.

Distribution

The process by which goods or services are made available to consumers through a supply chain.

Export Management Company

A business that acts as an intermediary between domestic manufacturers and foreign buyers, managing the export process.

Product Labeling

The practice of attaching information to products, indicating details such as ingredients, manufacturer, and usage instructions.