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Enhanced ______ resulting in improved quality of products, better customer service etc. - Business Studies

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Question

Enhanced ______ resulting in improved quality of products, better customer service etc. 

Options

  • cost

  • competition

  • power

MCQ
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Solution

Enhanced competition resulting in improved quality of products, better customer service etc. 

Explanation:

One of the main advantages of globalisation is increased competition, which leads to higher product quality, better customer service, and innovation. In order to survive in the global market, businesses must lower costs, increase quality, and prioritize customer happiness when dealing with global competition.

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Chapter 19: Globalisation - EXERCISES [Page 277]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 19 Globalisation
EXERCISES | Q I. B. 2. | Page 277
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