Globalization has resulted in increased customer loyalty for domestically made products and improved product quality. However, it has also led to declining returns on research and development investments and lower operational efficiency due to longer transportation distances for raw materials and finished goods.

1. Globalization has led to
a.
increasing loyalty of customers for products made domestically.
b.
declining returns from investment in research and development.
c.
higher product quality.
d.
lower operational efficiency as firms must transport raw materials and finished goods farther.