The primary reason for sourcing globally is to obtain lower prices.

Question

Quizplus · Accepted Answer

The primary reason for sourcing globally is indeed to obtain lower prices. By sourcing products or components from countries where labor and production costs are lower, companies can save money and remain competitive in their respective industries. However, sourcing globally also involves other factors such as access to specialized skills or technologies, diversification of suppliers, and proximity to target markets.

The Primary Reason for Sourcing Globally Is to Obtain Lower