BUSA 3000 Study Guide - Quiz Guide: Fast Food Restaurant, Jollibee, Kfc
13 May 2020
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What are the impacts of market globalization on consumer: people begin to advance in their living standard. For example, we are able to receive product from the other side of the country in less than a week. Market globalization have positive and negative impacts on consumer, however, majority of the time it"s positive impacts. One of the major impact is changing people"s living standard. Especially, for consumers that live in developing countries. In developing countries, they are able to receive technology to help and speed up their process of trying to catch up with developed countries" living standard and escape poverty. For example, they can import construction used machine from oversea to help them speed up the process of construction. As for the developed countries, they can import equipment from other countries for the benefit of their citizens. For instance, a country can import surgical machine from other more advanced countries to improve their technology for this area.
