Question

How does globalization affect consumers? Check all that apply.
It provides access to the same products worldwide,
It increases awareness of new goods and services.
It allows people to purchase products instantly
It helps people organize political campaigns,
It increases awareness of current events,

Answer 1

Answer:

Out of the options provided, globalization affect consumers in the following ways:

A. It increases awareness of new goods and services.

B. It allows people to purchase products instantly

Explanation:

Globalization can simply be put as a system that brings about massive growth and development in businesses to a worldwide standard due to influence from the international connections. Through this process, companies or businesses gain international connections and influence which in return increases sales and a better standard of living.

However, globalization has also brought about the following:

• Cost of living to a lower rate
• Waste management control of scarce resources
• Easy flow of capital within countries involved
• High demand for goods
• Lower prices of goods
• Labor exchange within global companies and countries
• Globalization brings about cultural exchange

Answer 2

Answer:

It is option A, B, C