The globalization 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
E) R&D

Question

Quizplus · Accepted Answer

The description provided refers to the globalization of production, also known as global sourcing or outsourcing. This involves companies producing goods or services in different countries based on factors such as cost, quality, and availability of resources or labor. Therefore, option D - production, is the most appropriate answer.

The Globalization of __________ Refers to the Sourcing of Goods