Single Answer MCQ
Q-00045509
What can be the consequence of globalization on small producers in developing countries?
1
They experience increased sales and market expansion
2
They may struggle to compete with larger multinational corporations
3
They become part of global supply chains
4
They face no significant changes in their market
Answer and Solution
Answer
B. They may struggle to compete with larger multinational corporations
Solution:
Globalization often exposes small producers to intense competition from larger MNCs, which can hinder their ability to sustain their businesses successfully in the market.
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