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(c)Discuss the extent to which globalisation has benefited businesses.(25 marks)
Globalisation has created significant opportunities for businesses to expand into new markets, achieve economies of scale and access cheaper resources.
This has led to increased efficiency and profitability for many firms.
However, globalisation has also increased competition, putting pressure on profit margins and leading to job losses in certain industries.
Overall, while the benefits can be substantial, they are not experienced equally by all businesses.