Question

which statements best describe how businesses can take advantage of globalization? select all that apply.
using lower labor costs in other countries
creating higher barriers to trade
transporting resources quickly from distant locations
limiting trade with other countries
communicating more quickly with other countries

Explanation:

• Using lower labor costs abroad reduces business expenses, a key globalization benefit.
• Higher trade barriers and limiting trade go against globalization's open market principles, so they are not advantages.
• Fast resource transport from distant locations lets businesses access global inputs efficiently.
• Faster cross-country communication enables smoother global operations, partnerships, and customer engagement.

Answer:

• using lower labor costs in other countries
• transporting resources quickly from distant locations
• communicating more quickly with other countries