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

Answer 1

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

Not correct: creating higher barriers to trade and limiting trade with other countries (those restrict globalization rather than take advantage of it).