Which of the Following Statements About Globalization Is True

question 7

Multiple Choice

 Which of the following statements about globalization is true?

• A) Customization becomes easy as global competitors seek production efficiencies.
• B) Globalization has led to rivals coming from afar into home markets.
• C) It is not necessary for firms to customize their products to expand globally.
• D) Globalization hasn't changed the dynamics of the workforce.

---

Definitions:

Game Theory Matrix

A tabular representation used in game theory to display the payoffs or outcomes for different strategies chosen by players in a strategic game.

Outcome

The result or effect of an action, decision, or situation, often evaluated in terms of success, failure, or impact.

Without Collusion

Refers to actions or decisions made independently among competitors in a market, without secret cooperation or agreement to manipulate market conditions.

Collusion

An agreement among firms to coordinate actions like setting prices, with the aim of increasing profits by reducing competition.