The lowest cost/lowest risk form of global business is __________.
A)franchising
B)direct investment
C)contracting
D)global sourcing

Question

Quizplus · Accepted Answer

Global sourcing, also known as international procurement, involves acquiring goods and services from the global market across geopolitical boundaries. It is considered the lowest cost and lowest risk form of global business because it allows companies to take advantage of lower costs of materials or labor in other countries without the need for significant investment in foreign operations, franchises, or contractual agreements that might carry higher costs and risks.

The Lowest Cost/lowest Risk Form of Global Business Is __________