Which of the following statements is true of the impact of globalization on value chains and business processes?
A)Companies must develop a standardized global strategy irrespective of where they are operating from.
B)Companies prefer to perform all their processes in-house as it is more cost-effective than outsourcing.
C)Manufacturing of a final product is frequently distributed throughout the world.
D)Increased globalization calls for greater attention to promotional aspects of the marketing mix as opposed to the product.

Question

Quizplus · Accepted Answer

With increased globalization, manufacturing of a final product is frequently distributed throughout the world. This is because companies can take advantage of lower labor and material costs in different countries, leading to the creation of global value chains. A and D are incorrect because companies must tailor their strategies to the specific regions they are operating in and an increased focus on product development is necessary for global success. B is incorrect because outsourcing can often be more cost-effective than performing all processes in-house.

Which of the Following Statements Is True of the Impact