The globalisation of _________ refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labour,energy,land and capital).
A)information technology
B)process design
C)markets
D)production

Question

Quizplus · Accepted Answer

The globalisation of production refers to sourcing goods and services from different locations around the globe based on factors of production such as labour, energy, and capital. This allows businesses to take advantage of cost and quality differences in different countries. Globalisation of information technology, process design, and markets may also occur, but they are not the focus of this definition.

The Globalisation of _________ Refers to the Sourcing of Goods