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When deciding to move production to a foreign country, businesses must be aware of the challenges that other businesses faced as they expanded globally. From
When deciding to move production to a foreign country, businesses must be aware of the challenges that other businesses faced as they expanded globally. From the list below, choose one statement that represents a challenge of business globalization: Group of answer choices The loss of blue-collar jobs in advanced industrial economies resulting from many companies moving production to less expensive markets in developing countries. Larger pools of consumers that businesses will need to serve as they move outside of their home country. Greater cost-savings resulting from more efficient production because costs can be spread over larger amounts of goods produced for larger pools of consumers (i.e., economies of scale). Larger pools of resources (e.g., talent, natural resources, financial resource, etc.) that businesses can tap into as they expand outside of their home markets
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