Which of the following is an example of the globalization of production?
A)Canadian consumers buy foods imported from Australia.
B)A Chinese company sells textiles to European car makers.
C)A US company builds a manufacturing facility in India.
D)A Swiss watch manufacturer builds a manufacturing facility in Switzerland.

Question

Quizplus · Accepted Answer

Globalization of production 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. A US company building a manufacturing facility in India is an example of this, as it involves relocating production to another country.

Which of the Following Is an Example of the Globalization