All of the Following Are Powerful Forces That Drive Globalization

question 18

Multiple Choice

All of the following are powerful forces that drive globalization except:

• A)increased trade between countries.
• B)cost differences between countries.
• C)financial autonomy between countries.
• D)faster knowledge transfers.
• E)technological innovations.

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Definitions:

Goal Replacement

The process of substituting an existing goal with a new one, often due to changes in priorities, resources, or external circumstances.

Focused Differentiation Strategy

A strategy that offers a unique product to a special market segment.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position.

Market Segment

A subgroup within a larger market, defined by its unique needs, preferences, or demographics, that businesses target with specific products or marketing strategies.