Question

Which statements best explain how globalization offers an advantage to businesses? Check all that apply.

1) Businesses can take advantage of favorable laws to make products cheaply.

2) Businesses can take advantage of favorable taxes to make products cheaply.

3) Businesses can take advantage of new forms of technology to make products cheaply.

4) Businesses can take advantage of new forms of democracy to make products cheaply.

5) Businesses can take advantage of faster technology to make products faster.

Answer 1

4) business can tale advantage of new forms of democracy to make products cheaply

Answer 2

Answer: The correct answer is : 1) Businesses can take advantage of favorable laws to make products cheaply.

2) Businesses can take advantage of favorable taxes to make products cheaply.

3) Businesses can take advantage of new forms of technology to make products cheaply.

5) Businesses can take advantage of faster technology to make products faster.

Explanation: With globalization, production costs are reduced and products can be offered at a lower price. Technological improvements are known and implemented that help the speed of production and economic transactions as well.