How have companies from different countries reacted to globalization?(1 point)

Question

Responses

By decreasing product prices
By decreasing product prices

By increasing production costs
By increasing production costs

By avoiding international competition
By avoiding international competition

By limiting customer base

Answer 1

Companies from different countries have generally reacted to globalization by decreasing product prices. This response is often due to increased competition and the need to remain competitive in a global market. Globalization allows companies to access larger markets, often leading to economies of scale and lower production costs, which can enable them to reduce prices for consumers.