Companies Are Facing Each of the Following Impacts of Globalization

question 16

Multiple Choice

Companies are facing each of the following impacts of globalization except:

• A) Easier to find suppliers and customers in many countries
• B) Less complex business environment
• C) Cheaper materials
• D) More and stronger competitors

---

Definitions:

Long-Distance Phone

Telecommunication services that enable voice communication over significant geographical distances.

Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Major Industries

The key sectors that are the backbone of an economy, usually characterized by large revenue and substantial impact on employment.

Deregulation

Refers to the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.