West Electronic Corporation sources goods and services for its electronics products from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land. This practice is an example of the
A) globalization of production.
B) globalization of markets.
C) dislocation of a developing nation's economy.
D) restriction on foreign direct investment.
E) regulation of the environment

Question

Quizplus · Accepted Answer

This practice is an example of the globalization of production, which involves sourcing goods and services from different locations around the globe to take advantage of national differences in the cost and quality of factors of production.

West Electronic Corporation Sources Goods and Services for Its Electronics