What characterizes the competition driver of globalization?

The competition driver of globalization is characterized by the increased focus on achieving competitive advantages. In a globalized business environment, companies face heightened competition not only from domestic rivals but also from international firms. This competition pushes businesses to innovate, improve efficiency, and differentiate their products and services in order to capture market share and maintain profitability. As markets become more interconnected, firms must continually seek ways to outperform competitors by leveraging unique strengths, optimizing supply chains, and responding effectively to changes in consumer preferences across different regions. This drive for competitive advantage is essential for survival and growth in the global marketplace.

While options such as consolidating a single global market and standardizing business practices may sound related to globalization, they don't capture the essence of competition as a primary driver. Similarly, decreasing the number of international players does not reflect the increase in competition, as globalization typically leads to more participants rather than fewer.