Question

Pat decides to purchase a Hyundai from South Korea instead of the U.S.-produced Ford because of the vehicle's lower price. This illustrates the

Answer 1

The impact of globalization over the market dynamics.

Step-by-step explanation:

Athough either Ford and Hyundai have factories around the world, the production costs are lower in Asia than in the United States. Therefore, buyers can decide if want to purchase a vehicle produced in North-America for a determined price, or, if they want to buy a car with simmilar features produced in Asia and at a lower price.