New challenges created by the globalization of markets and production force companies to pay increased attention to their ________.
A) physical facilities
B) information systems
C) reputations
D) all of the above

Question

Quizplus · Accepted Answer

The globalization of markets and production creates various challenges for companies, and they need to pay attention to multiple aspects to cope with these challenges. Physical facilities are essential for manufacturing and distribution of products, and companies need to ensure that their facilities are strategically located, technologically advanced, and efficient to produce and deliver goods at a lower cost. Information systems are critical for managing data, communicating with customers and suppliers, and ensuring efficient operations. As companies operate in a global market, their reputation is equally important since it influences customer preferences, brand image, and competitive advantage. Therefore, companies need to focus on their physical facilities, information systems, and reputations to succeed in a globalized business environment.

New Challenges Created by the Globalization of Markets and Production