Answer true or false to each of the following statements about globalisation by placing a tick (✔) in the correct box - Junior Cycle Business Studies - Question Question 1 - 2019
Question Question 1
Answer true or false to each of the following statements about globalisation by placing a tick (✔) in the correct box.
(i) Companies have access to bigger markets.
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Worked Solution & Example Answer:Answer true or false to each of the following statements about globalisation by placing a tick (✔) in the correct box - Junior Cycle Business Studies - Question Question 1 - 2019
Step 1
(i) Companies have access to bigger markets.
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Answer
This statement is true. Globalisation allows companies to expand their operations and access larger markets beyond their local or national boundaries.
Step 2
(ii) Consumers have less choice.
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Answer
This statement is false. Globalisation typically increases the variety of products available, giving consumers more choices as companies from around the world can sell their goods in multiple markets.
Step 3
(iii) Increased trade leads to increased pollution.
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Answer
This statement is true. The rise in production and transportation related to increased trade can lead to higher levels of pollution, impacting the environment negatively.
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