Edzy
Single Answer MCQ
Q-00015778

How do changes in consumer preferences due to globalisation impact local businesses?

1

They lower the demand for local products.

2

They have no effect on sales.

3

They restrict the variety of products available.

4

They guarantee higher sales for local businesses.

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

A. They lower the demand for local products.

Solution:

As consumers gain access to a wider array of international products, local businesses may see decreased demand for their goods, impacting their sales.

Watch Video Solution