Globalization is an important factor in communications but not in purchasing or supply chain.

Question

Quizplus · Accepted Answer

Globalization has a significant impact on purchasing and supply chain due to increased international trade and interconnectedness between businesses across the world. Globalization has facilitated the integration of different economies and improved access to suppliers and consumers from various regions. This has led to the development of global supply chains, which have become common in many industries. Additionally, globalization has increased competition in the marketplace, forcing businesses to seek out suppliers with the best quality and lowest cost, regardless of their location. Therefore, globalization is an important factor in both communications and purchasing/supply chain.

Globalization Is an Important Factor in Communications but Not in Purchasing