Questions: Which statement is true of globalization? Business ettiquette and communication norms vary from country to country. Globalization decreases a company's efficiencies. Globalization means it is more difficult to get products except for those produced in your own country. Globalization suppresses innovation.

Which statement is true of globalization?
Business ettiquette and communication norms vary from country to country.
Globalization decreases a company's efficiencies.
Globalization means it is more difficult to get products except for those produced in your own country.
Globalization suppresses innovation.
Transcript text: Which statement is true of globalization? Business ettiquette and communication norms vary from country to country. Globalization decreases a company's efficiencies. Globalization means it is more difficult to get products except for those produced in your own country. Globalization suppresses innovation.
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Solution

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The answer is: Business etiquette and communication norms vary from country to country.

Explanation for each option:

  1. Business etiquette and communication norms vary from country to country.

    • This statement is true. Globalization involves the interaction and integration of people, companies, and governments worldwide. As a result, businesses must navigate different cultural norms, including business etiquette and communication styles, which can vary significantly from one country to another.
  2. Globalization decreases a company's efficiencies.

    • This statement is incorrect. In many cases, globalization can increase a company's efficiencies by allowing it to access new markets, source materials and labor more cost-effectively, and benefit from economies of scale. However, it can also introduce complexities that need to be managed.
  3. Globalization means it is more difficult to get products except for those produced in your own country.

    • This statement is incorrect. Globalization generally makes it easier to access a wide variety of products from around the world. It facilitates international trade and allows consumers to purchase goods that are not produced locally.
  4. Globalization suppresses innovation.

    • This statement is incorrect. Globalization often fosters innovation by encouraging the exchange of ideas, technologies, and best practices across borders. It can lead to increased competition, which can drive companies to innovate to maintain a competitive edge.

In summary, the correct statement is that business etiquette and communication norms vary from country to country, reflecting the diverse cultural landscapes that globalization brings together.

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