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

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Definitions:

Self-efficacy

The belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.

Low Standards

Refers to minimal or inferior criteria or expectations in various contexts, including personal, professional, or quality expectations.

Defensive Pessimism

A strategy where an individual lowers their expectations to help prepare for the worst-case scenario.

Counterproductive

Activities or behaviors that hinder or go against the achievement of one's goals or objectives.