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Globalisation is beneficial for firms because
Answer & Solution
Correct Answer:
Option
A
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.
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.
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