Reasons for sourcing globally include:
A) a lower price.
B) products not available locally.
C) a firm's worldwide operation and quality.
D) all of the above.

Question

Quizplus · Accepted Answer

Sourcing globally provides lower prices as manufacturers may be able to produce goods at a cheaper cost due to factors such as labor or materials. It allows for access to products not available locally, expanding a firm's offerings. Additionally, global sourcing can contribute to a firm's quality standards as manufacturers may be held to higher quality control standards.

Reasons for Sourcing Globally Include