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Globalisation results in:

6. Globalisation results in:

1. lesser competition among producers
2. greater competition among producers
3. no change in competition among producers
4. none of the above

Answer: B) greater competition among producers

Explanation:

Globalisation results in greater competition among producers and also gives businesses a competitive advantage by allowing them to acquire raw materials where they are less expensive. Globalisation allows organizations to exploit lower labour costs in developing countries while utilizing state-of-the-art technology and knowledge of highly developed economies.