Outline three benefits of globalization.

      

Outline three benefits of globalization.

  

Answers


Kavungya
- Globalization has helped small organisation and industries in the market.
- Reduction of cost of transportation, communication and production has been greatly
enhanced by globalization.
- Globalization has enabled the firm to reach a wide range of market within a short period
of time thus facilitating the growth of firms and industries.
- Due to globalization customers are able to place their orders without necessary to travel
to the firm hence reducing cost such as transportation.
- Administration cost has been reduced greatly because meetings that were held manually
within the board rooms can be held online through teleconferencing thus cutting down
administration costs such as buying stationeries and refreshments.
Kavungya answered the question on May 18, 2019 at 08:26


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