Final answer:
True, Smaller companies can quickly expand globally through international trade and advancements in technology. International trade enables small companies to benefit from economies of scale while also experiencing healthy competition.
Step-by-step explanation:
The statement Smaller companies can quickly expand globally is generally true in the context of international trade and globalization. With the advancements in technology and improved communication channels, smaller companies now have the opportunity to reach customers across state, national, and international boundaries.
The new information and communication technologies have made it easier for small firms to expand their market and find customers globally.
Furthermore, international trade can make it possible for even small economies to take full advantage of economies of scale. When small companies engage in international trade, they can tap into larger markets and benefit from increased production levels, which can lead to lower costs and higher profits.
At the same time, international trade allows for healthy competition and the variety offered by several producers.