Which of the following statements is TRUE about the firm-level consequences of market globalization?
A) The globalization of markets has narrowed down new business opportunities for internationalizing firms.
B) Globalization drives firms to relocate key value-adding activities to the most advantageous locations around the world.
C) A firm's value chain is not subject to internationalization.
D) Through offshoring, a firm relocates a major value-chain activity by establishing a factory or subsidiary in the home market.

Question

Quizplus · Accepted Answer

Globalization enables firms to optimize their operations by relocating parts of their value chain to locations where they can achieve the best efficiency, cost savings, or other strategic advantages. This process is a key aspect of how firms adapt to and benefit from the global market environment.

Which of the Following Statements Is TRUE About the Firm-Level