Lower prices
Better selection
Clear origin of goods and services
Improved services
Answer is Right!
Answer is Wrong!
The correct answer is: C. Clear origin of goods and services
Globalization is the process of increasing interconnectedness between countries and people. It has led to a number of benefits for consumers, including lower prices, better selection, and improved services. However, it has also made it more difficult to track the origin of goods and services. This can be a problem for consumers who want to be sure that they are buying products that are made in a responsible way.
Here is a brief explanation of each option:
- Lower prices: Globalization has led to lower prices for consumers in a number of ways. First, it has increased competition between businesses, which has forced them to lower their prices in order to attract customers. Second, it has made it easier for businesses to source goods and services from low-cost countries. Third, it has made it easier for businesses to transport goods and services around the world, which has also helped to lower prices.
- Better selection: Globalization has also led to a better selection of goods and services for consumers. This is because it has made it easier for businesses to import goods from other countries. As a result, consumers now have access to a wider range of products than ever before.
- Improved services: Globalization has also led to improved services for consumers. This is because it has made it easier for businesses to compete with each other. In order to attract and retain customers, businesses have had to improve their services. This has led to better customer service, faster delivery times, and more convenient payment options.
- Clear origin of goods and services: However, globalization has also made it more difficult to track the origin of goods and services. This is because goods and services can be sourced from a variety of countries, and it can be difficult to determine where they were actually made. This can be a problem for consumers who want to be sure that they are buying products that are made in a responsible way.