The globalization of production has allowed firms to
A)increase their market share.
B)lower their cost structure.
C)respond to individual market segments.
D)avoid international competition.
E)all of these choices.

Question

Quizplus · Accepted Answer

Globalization of production allows firms to source goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production, thereby lowering their overall cost structure.

The Globalization of Production Has Allowed Firms to