Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Environment and International Business Socio-cultural factors and their influence on business Globalization and its drivers
Globalisation is beneficial for firms because of the major reason (from among the following):
1
It cushions them from the effects of events in other countries.
2
It opens up new market opportunities.
3
It increases the risk and uncertainty of operating in globalising world economy.
4
It protects them against foreign competition.