In producing its products, Bombardier sources goods and services from different locations around the globe in an attempt to take advantage of national differences in the cost and quality of factors of production.This practice is made possible by the globalization of:
A)finance
B)production
C)markets
D)process design
E)consumer demand

Question

Quizplus · Accepted Answer

The practice described in the statement is known as global sourcing, which is a component of global production. It involves sourcing goods and services from different locations around the globe in an attempt to take advantage of national differences in the cost and quality of factors of production. Therefore, the best choice is B, production.

In Producing Its Products, Bombardier Sources Goods and Services from Different