wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

As there has been globalization of markets, the tastes and preferences of consumers world-wide are ________.

A
converging upon a global warm
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
so different that they can be ignored by internal organizations
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
being encouraged by multinational organizations to become increasingly similar
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
becoming similar to the tastes and preferences of American consumers
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A converging upon a global warm
Globalization has brought the world closer. It has made import and export of goods easier between all the countries. One can get access to the different goods available across the world due to globalization. Hence, as there has been globalization of markets, the tastes and preferences of consumers world-wide are converging upon a global warm.

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
Q. As the economic role of multinational, global corporations expands, the international economic environment will be shaped increasingly not by governments or international institutions, but by the interaction between governments and global corporations, especially in the United States, Europe, and Japan. A significant factor in this shifting world economy is the trend toward regional trading blocs of nations, which has a potentially large effect on the evolution of the world trading system. Two examples of this trend are the United States-Canada Free Trade Agreement (FTA) and Europe 1992, the move by the European Community (EC) to dismantle impediments to the free flow of goods, services, capital, and labor among member states by the end of 1992. However, although numerous political and economic factors were operative in launching the move to integrate the EC’s markets, concern about protectionism within the EC does not appear to have been a major consideration. This is in sharp contrast to the FTA; the overwhelming reason for that bilateral initiative was fear of increasing United States protectionism. Nonetheless, although markedly different in origin and nature, both regional developments are highly significant in that they will foster integration in the two largest and richest markets of the world, as well as provoke questions about the future direction of the world trading system.
Q. According to the passage, one similarity between the FTA and Europe 1992 is that they both
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to International Business
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon