Agri-Corp manufactures large farm implements and currently sources component parts for these large machines from fifteen different companies around globe. They use these sources to take advantage of lower costs. This demonstrates the idea of
A) globalization of markets.
B) containerization of production.
C) dispersal of production.
D) globalization of production.
E) industrialization of markets.

Question

Quizplus · Accepted Answer

Agri-Corp's strategy of sourcing component parts from different companies around the globe to take advantage of lower costs is an example of the globalization of production, which involves dispersing production processes across different locations worldwide to optimize efficiency and cost.

Agri-Corp Manufactures Large Farm Implements and Currently Sources Component Parts