How does the global economy change value chains and business processes?
A) World time differences enable global virtual companies to operate 24/7.
B) Overseas outsourcing is no longer an attractive option.
C) It makes it difficult for an international company to conduct sales and marketing efforts locally.
D) It makes it mandatory for the manufacturing activities to be carried out from the home country.

Question

Quizplus · Accepted Answer

With the global economy, businesses can now operate 24/7 due to time differences in different parts of the world. As a result, value chains and business processes have adapted to accommodate this change. Other options (B, C, and D) are incorrect as overseas outsourcing is still an attractive option for businesses, global companies can still conduct local sales and marketing effectively, and manufacturing activities can still be carried out abroad.

How Does the Global Economy Change Value Chains and Business