________ is purchasing materials or labor from around the world wherever it is cheapest.
A) Transnational sourcing
B) Global sourcing
C) Value chain sourcing
D) Niche-based sourcing
E) Cooperative sourcing

Question

Quizplus · Accepted Answer

Global sourcing is the practice of purchasing materials or labor from around the world wherever it is cheapest. It involves seeking out the most cost-effective suppliers and taking advantage of differences in wages, taxes, regulations, and resources between countries. This approach allows companies to access a wider range of suppliers and reduce their costs, but it also involves increased complexity and risk.

________ Is Purchasing Materials or Labor from Around the World