A. rapid expansion of technology
B. liberalization of governmental policies on cross-border movement of trade and resources
C. development of institutions to support and facilitate international trade
D. increased cost of labor in both the lesser-developed and developing countries
✅ The correct answer is option D.
International business has grown rapidly in recent decades for all the following reasons EXCEPT increased cost of labor in both the lesser-developed and developing countries. International business encompasses all commercial activities that take place to promote the transfer of goods, services, resources, people, ideas, and technologies across national boundaries.
International business has grown rapidly in recent decades for all the following reasons EXCEPT increased cost of labor in both the lesser-developed and developing countries. International business encompasses all commercial activities that take place to promote the transfer of goods, services, resources, people, ideas, and technologies across national boundaries.