The dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service is known as ________.
A) importing
B) globalization of production
C) global strategy
D) globalization of markets

Question

Quizplus · Accepted Answer

The dispersal of production activities to different locations across the world to achieve cost or quality objectives is referred to as globalization of production. Importing is the act of bringing goods or services from a foreign country into one's own country. Global strategy involves using the same products, marketing strategies, and business processes across different countries. Globalization of markets, on the other hand, refers to the merging of markets from different countries, making them more similar.

The Dispersal of Production Activities to Locations That Help a Company