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As market globalization intensifies, ________.A) the gap between the rich and the poor shrinks rapidlyB) the distance between consumers worldwide expandsC) individual firms respond to the challenges and new advantages that it bringsD) firms internationalize solely as a reaction to it

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Answer: Option C

                         

Explanation: In simple words, globalization refers to the process under which the business firms starts operating at international levels.

Globalization helps in the transfer of technology and resources from one economy to he other. Hence the competition in the markets rises due to customer having lots of choices for satisfying their need.

Thus, to survive in the market in intense globalization , firms will increase their efficiency to catch the opportunities

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