Production networks for large retailers such as Walmart are termed ___________.
A) a world system
B) producer-driven commodity chains
C) transnational corporations
D) buyer-driven commodity chains

Question

Quizplus · Accepted Answer

Production networks for large retailers such as Walmart are known as buyer-driven commodity chains, where the power lies with the buyers rather than the producers. These networks are driven by the retailers' need to provide a constant flow of goods at low prices, and they often involve outsourcing production to low-wage countries. Transnational corporations refer to companies that operate in multiple countries, while producer-driven commodity chains refer to networks where the power lies with the producers. The term "world system" is used to describe the global economy as a whole.

Production Networks for Large Retailers Such as Walmart Are Termed