Question : How has globalization affected markets?
Option 1: By reducing international trade
Option 2: By increasing local cultural practices
Option 3: By standardizing products and services worldwide
Option 4: By decreasing the influence of multinational corporations
Correct Answer: By standardizing products and services worldwide
Solution : Globalization has affected markets by standardizing products and services worldwide, leading to a convergence of consumer preferences and business practices.
Question : How has globalization influenced the structure of markets?
Option 1: By reducing the number of multinational corporations
Option 2: By promoting local businesses over international brands
Option 3: By increasing the diversity of products available
Option 4: By limiting the spread of technology
Question : Globalization has led to:
Option 1: Decreased cultural exchange
Option 2: Increased cultural homogenization
Option 3: Reduced influence of multinational corporations
Option 4: Enhanced preservation of local traditions
Question : Globalization has led to the expansion of:
Option 1: National boundaries
Option 2: Trade barriers
Option 3: Local markets
Option 4: Multinational corporations
Option 1: A decrease in cultural diversity
Option 2: An increase in local market autonomy
Option 3: A reduction in international trade barriers
Option 4: A decline in multinational corporations
Question : What is the role of global media in cultural globalization?
Option 1: Promoting local cultures over global ones
Option 2: Decreasing the accessibility of information
Option 3: Spreading global cultural norms and values
Option 4: Reducing the influence of global brands
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile