How does the global economy change the marketplace for buyers?

Answers

Answer 1

Globalization generally lowers production costs. This enables businesses to provide consumers with items at a lesser cost. A significant factor in rising standards of living is the average cost of commodities. Additionally, customers have access to a broader selection of goods.

What is globalization?

Ideas, knowledge, information, goods, and services go across borders through a process called globalization.

When used in a business context, the word refers to integrated economies that are characterized by free trade, the free movement of capital between nations, and simple access to foreign resources, especially labor markets, in order to maximize profits and serve society as a whole.

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Related Questions

hector argues that he is marrying maria for love. which of the following best classifies his choice of spouse?

Answers

Answer:romantic.

Explanation:

His choice of spouse is romantic. Romance or romantic love is a strong attraction or feeling of love for another person, as well as the courtship behaviour patterns that a person engages in to convey those overall feelings and resulting emotions.

Romantic love has a variety of purposes that differ depending on life stage and duration, such as mate selection, courtship, and pair bonding. Its evolutionary history is most likely linked to the relatively recent emergence of pair-bonds in human evolution.

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