Question

The following factors are key drivers of globalisation________.

• A. government action, exchanges rates, competition and sociodemographic factors.
• B. market convergence, competition, exchange rates and cost advantage
• C. cost advantages, government action, economic cycles and competition.
• D. market, cost, competition and government policies.

Answer 1

The correct option is D market, cost, competition and government policies.

Globalization is a process of increasing the interdependence among the different economies of the world. This process of globalization is greatly promoted by the advancement of technology. The following factors are key drivers of globalization: market, cost, competition and government policies.