Question

Which of the following is not mentioned in the text as a reason for the increased globalization of business?

a. Increased privatization in recent years
b. An increase in GNP of virtually all countries in recent years
c. Growth in direct foreign investment in recent years
d. An increased standardization of products and services across countries in recent years
e. An increase in international trade

Answer 1

Increased privatization, an increase in GNP of virtually all countries, and increased standardization of products and services across countries are not mentioned in the text as reasons for the increased globalization of business.

Step-by-step explanation:

The text does not mention increased privatization, an increase in GNP of virtually all countries, or an increased standardization of products and services across countries as reasons for the increased globalization of business. Instead, it focuses on improvements in shipping and air cargo, innovations in computing and telecommunications, and international agreements and treaties between countries encouraging greater trade as driving factors for globalization. These factors have made it easier and cheaper to manage long-distance economic connections and transportation of products and services.