Which statements best describe how businesses can take advantage of globalization? Check all that apply.

using lower labor costs in other countries

creating higher barriers to trade

transporting resources quickly from distant locations

limiting trade with other countries

communicating more quickly with other countries
Answers: 1, 3, & 5

With globalization using lower labor costs in other countries ocurs through things like outsourcing. Transporting resources quickly from distant locations can also be done through globalization. For example, the U.S. imports less expensive from countries like China. Communicating more quickly with other countries can be see through social media etc.

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chilljain33 chilljain33 · Answer 2 · 2022-06-13T08:49:00+02:00

Business get benefited from globalization as they have access to the lower costs of labor, eased transportation to and from other countries, while improving the communication and connectivity.

What is globalization?

The agreement between the government or businesses in two or more countries to conduct activities for increasing the connectivity between the nations and deriving the benefits thereto, is known as globalization.

Hence, options A, C and E hold true regarding globalization.

Learn more about globalization here:

https://brainly.com/question/15283031

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