Globalisation is beneficial for firms because
A. it opens up new market opportunities
B. it protects them against foreign competition
C. it cushions them from the effects of events in other countries
D. it increases the risk and uncertainty of operating in a globalising world economy
Answer: Option A
Solution (By Examveda Team)
Globalisation is beneficial for firms because:It opens up new market opportunities, allowing businesses to expand beyond their domestic borders and reach a broader customer base.
This expansion can lead to increased sales, revenue, and growth potential for firms.
Globalisation enables companies to access new resources, technologies, and talent from different parts of the world, further enhancing their competitiveness.
Therefore, Option A correctly highlights the primary benefit of globalisation for firms.
This Question Belongs to Commerce >> Business Environment And International Business
answer should be A