Which benefit is often associated with improved competitiveness in a global market?

Increased consumer choice is a notable benefit associated with improved competitiveness in a global market. When companies compete on a global scale, they are compelled to enhance their offerings and innovate to attract consumers. This competition leads to a wider variety of products and services, catering to different tastes, preferences, and needs of consumers. As businesses strive to differentiate themselves, consumers have access to more options, fostering a dynamic marketplace where choice is expanded.

Moreover, a global market allows consumers to benefit from diverse goods that may not be available locally, thereby enriching their shopping experience. The interaction of different companies from various regions also encourages creativity and innovation, further enhancing the range of offers available to consumers. This increased variety serves not only to satisfy existing demand but also to stimulate new demand, elevating overall market engagement and consumer satisfaction.