Which of the following best describes technology's influence in international business?

Technology's influence in international business is best described by how it increases efficiency in operations. The integration of advanced technologies, such as automation, artificial intelligence, and data analytics, streamlines processes and reduces operational costs. By optimizing supply chains, enhancing communication, and facilitating faster transactions, technology enables companies to operate more effectively across borders. This improved efficiency not only boosts productivity but also allows businesses to respond rapidly to market demands and changes.

While customer service is certainly an area where technology plays a significant role, it is one aspect among many and does not capture the full breadth of technology's impact on international trade. The simplification of trade is also a result of technological advancements, but it may not encompass the complexity of various trade regulations and practices across different countries. Lastly, claiming that technology is irrelevant to global markets overlooks the critical role it plays in connecting businesses, consumers, and markets around the world. Thus, the assertion that technology increases efficiency in operations more accurately reflects its multifaceted role in the realm of international business.