The globalization of production benefits companies by allowing them to ________.
A) access lower-cost workers
B) access production inputs
C) access technical expertise
D) level uneven income streams
E) A, B, and C

Question

Quizplus · Accepted Answer

The globalization of production benefits companies by allowing them to access lower-cost workers, production inputs, and technical expertise. Access to lower-cost workers allows companies to reduce their labor costs and increase their profitability. Access to production inputs such as raw materials, components, and energy allows companies to optimize their supply chain efficiency and reduce their costs. Access to technical expertise allows companies to tap into the skills and knowledge of experts around the world, which can help them improve their products and processes and increase their competitiveness. All of these benefits can help companies achieve higher profits and long-term success in today's global marketplace.

The Globalization of Production Benefits Companies by Allowing Them to ________