Globalization Has Led To

question 130

Multiple Choice

Globalization has led to:

• A) lower operational efficiency as firms must transport raw materials and finished goods farther.
• B) increasing loyalty of customers for products made domestically.
• C) declining returns from investment in research and development.
• D) higher performance standards including quality and cost.

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Definitions:

Loose Cultures

Societies or organizations characterized by fewer rules, norms, and tolerance for deviation from expected behaviors compared to more structured, "tight" cultures.

Work-Life Balance

The equilibrium an individual strives to achieve between their work responsibilities and personal life.

Gen Ys

A demographic cohort also known as Millennials, typically born between the early 1980s and the mid-1990s to early 2000s.

Xers

A generational term referring to Generation X, the group of people born approximately between the early 1960s and the early 1980s.