Globalization and Factors that Affect Product Quality

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  The competitors try to produce the best quality for the customers and satisfy them to the best possible extent. Globalization leads to quality improvement in the product quality.

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• Globalization and the Marketplace

  An increase in the number of competitors will lead to greater differentiation of product and improvement in quality. The factors of production for each product will be sourced in countries where they are available at the most competitive prices.