Asked by Kasongo Alain on May 23, 2024

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Small businesses feel pressure to meet the high international standards of the foreign market, and of the huge multinational companies that dominate the economy.

International Standards

Agreed-upon norms and criteria developed by global organizations to ensure quality, safety, and efficiency.

Multinational Companies

Corporations that own or control production of goods or services in one or more countries other than their home country.

  • Understand the impact of international standards and multinational companies on small businesses.
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QN
Queen NatalieMay 29, 2024
Final Answer :
True
Explanation :
Small businesses often face pressure to meet the same standards as large multinational corporations in order to compete in the international market.