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QUESTION 5 Which of the following is not characteristic of globalization? a National economies are turning into independent e
QUESTION 7 Identify the incorrect statement pertaining to the World Wide Web. It makes it much easier for buyers and sellers
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Answer #1

Answer 5 : A. National economies are turning into independent economic systems.

Explanation : Globalization fosters the sales, revenues of the country while capitals is been exchanged due to foreign direct investment.

Answer 6 : D. World Trade Organization

Explanation : It sets the rules related to global trade so that global trade flow is been regulated between the countries.

Answer 7 : C. It rolls back all of the constraints of location, scale, and time zones

Explanation : Due to world wide web, world is been connected by the technology leading to expanding business globally.

Answer 8 : A. Increasing the intensity of competition in a wide range of manufacturing and service industries.

Explanation : Due to the world economy, competition in the manufacturing, service industry has been increased.

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