Small Businesses Are Hesitant to Involve in Global Business Because

question 40

Multiple Choice

Small businesses are hesitant to involve in global business because it:

• A)​limits the access to advanced technologies in less developed countries.
• B)slows down the rate at which people's living standards increase.
• C)involves various trade laws or tariffs. 
• D)​empowers governments to abuse the freedom and property of their citizens.

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Definitions:

Increase Commitment

The process of enhancing dedication and loyalty towards a task, organization, or relationship, aiming for improved engagement and outcomes.

Scarce Resources

Natural or human-made assets that are limited in availability, often leading to competition for their use or allocation.

Participatory Planning

A planning approach that involves stakeholders, especially those affected by decisions, in the decision-making process to ensure inclusivity and relevance.

Affected By

Influenced or changed by something; the state of being impacted by external factors or conditions.