Which of the following is an advantage of globalization for businesses?

Improved competitiveness is a significant advantage of globalization for businesses. By expanding their reach to international markets, companies can access a larger customer base, increase sales potential, and diversify their revenue streams. This broader market access enables businesses to optimize their operations, take advantage of economies of scale, and leverage cost efficiencies that may not be possible in a domestic-only environment.

Additionally, exposure to global competition can stimulate innovation and efficiency within a company, as businesses strive to meet international standards and consumer expectations. This competitive pressure encourages firms to improve their products and services, adopt best practices, and enhance overall business strategies, ultimately benefiting both the company and its consumers.

The other options listed reflect challenges rather than advantages associated with globalization. Regulatory hurdles can create barriers to entry in new markets, higher operational costs can arise from navigating different economic environments, and limited market access typically restricts growth opportunities, all of which do not provide the benefits associated with increased competitiveness.