Which of the following best illustrates the globalization of production?
A)Daily Diamonds,an American jewelry manufacturer,buys diamonds from South Africa and exports them to India for the cutting process.
B)Evan Swan,a U.S.-based fashion designer,is planning to open a flagship store in China to serve the Asian market.
C)Uncle Crab,a U.K.fast food chain,has been serving customers worldwide through its franchises.
D)Silver Unicorn Inc.uses sales personnel from the respective host country to sell its products and services.
E)Pizza Gallery,an Italian pizza chain,customizes its pizzas and pastas to suit the tastes of its American and Australian customers.

Question

Quizplus · Accepted Answer

Daily Diamonds, an American jewelry manufacturer, buying diamonds from South Africa and exporting them to India for the cutting process is an example of globalization of production as different parts of the production process are taking place in different countries.

Which of the Following Best Illustrates the Globalization of Production