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BUSINESS ENVIROMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMBUSINESS ENVIROMENT3 Marks
Question
Mention positive effects of globalization.
✓

Answer

Positive effects / advantages of globalization:
  • Large scale production.
  • Due to competition, protection of customer’s interest.
  • New and affordable technology.
  • Due to fall in qualitative product / service advantage to customers.
  • Creation of employment opportunities.
  • Creation of infrastructure facilities in the country.
  • Increase in importance and spread of education.
  • Easy set up of new industry.
  • The world becomes global village.
  • Freedom from government bureaucracy and red tapes.

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