Globalization Is Becoming More of a Worldwide Phenomenon Because

question 71

Multiple Choice

Globalization is becoming more of a worldwide phenomenon because

• A) more countries want to become self-sufficient.
• B) less-developed countries are increasing their trade restrictions.
• C) technological advancements are decreasing transportation costs.
• D) trade hurts workers in poor countries.

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Definitions:

Canadian CEOs

Chief Executive Officers operating within Canadian companies, responsible for making strategic decisions and driving organizational success within the context of Canada's economy and regulatory environment.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to achieve those goals.

Operating Synergy

The increased efficiency or added value that results when two companies combine their operations.

Economies of Scales

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.