Jose Miguel Vienes Ms.

Maria Felisa Calicdan

BSBA- 311

Quiz 2

1. How have changes in technology contributed to the globalization of markets and

production?
- Technology changes have been contributed in globalization of production and markets
because technological improvement that makes live oof the people across the world to be
more suitable and accessible. By improving technology in transportation, internet, gadgets
and other things that improved by the growth of globalization. Internet is used by us for
browsing, studying, buying things online that makes everyday life easier. By improving
technology and it also increase the rate of production of products, so that there are more
products can be made and supply of products faster. This will be helpful in evolving
technology in the world to access all needs of the people and to achieve everybody’s
satisfaction.
2. Would the globalization of production and markets have been possible without these
technology changes?
- The world had been closer in technological developments and quickly adapt them.
Developing the process of communication and information has been simple by decreasing
the cost of managing global production. Improvements in transporting of products to be
shipped across the world and less costly than past. International businesses have the
advantage by coordinating the activity and deliver the products to the customer across the
world will be more cost effectively.