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Question
Enhanced ______ resulting in improved quality of products, better customer service etc.
Options
cost
competition
power
MCQ
Fill in the Blanks
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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]
