Which of the following best illustrates the globalization of production?
A)Daily Diamonds Inc. buys diamonds from South Africa and exports them to India for the cutting process.
B)Evan Swan, a U.S.-based fashion designer, is planning to open a flagship store in China to serve the Asian market.
C)Uncle Crab, a U.K. fast food chain, has been serving customers worldwide through its franchises.
D)Silver Unicorn Inc. uses sales personnel from the respective host country to sell its products and services.
E)Pizza Gallery, an Italian pizza chain, customizes its pizzas and pastas to suit the tastes of its American and Australian customers.

Question

Quizplus · Accepted Answer

The globalization of production refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labor, energy, land, and capital).

Which of the Following Best Illustrates the Globalization of Production