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Single Answer MCQ
Q-00045529

What is a primary outcome of increased global competition due to globalisation?

1

Higher market prices for consumers

2

Reduced product quality

3

Lower prices and improved product quality

4

Less variety in consumer choices

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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

C. Lower prices and improved product quality

Solution:

Increased global competition typically leads to lower prices and enhanced product quality as companies strive to attract customers. The other options reflect misconceptions about competition.

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