Companies from different countries have generally reacted to globalization by decreasing product prices. This is often a strategy to remain competitive in a global market where consumers have access to a wider variety of products at varying price points. By streamlining production and leveraging efficiencies, companies can reduce costs and offer more competitive pricing.
How have companies from different countries reacted to globalization?(1 point)
Responses
By increasing production costs
By increasing production costs
By limiting customer base
By limiting customer base
By avoiding international competition
By avoiding international competition
By decreasing product prices
1 answer