Question

Select the proper option from the option given below and rewrite the completed sentences.

In modern business environment, ________ provides more opportunities and challenges.
(a) Privatization
(b) Globalization
(c) Specialization

Answer 1

Correct option- b
In modern business environment, globalisation provides more opportunities and challenges.

Explanation:
Globalisation can be defined as the opening up of the world economies to each other. With globalisation, the whole world has become one market. It provides more opportunities to businessmen, as they can procure raw materials and labour at a cheaper rate from anywhere in the world. It is also a challenge, as it infuses competition in the market.