West Electronic Corporation sources goods and services for its electronics products from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land.This practice demonstrates the
A)globalization of production.
B)globalization of markets.
C)dislocation of a developing nation's economy.
D)restriction on foreign direct investment.
E)regulation of the environment.

Question

Quizplus · Accepted Answer

This practice of sourcing goods and services from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land is commonly known as globalization of production. This involves breaking down the production process into different stages and locating each stage in the location where it can be done most efficiently and cost-effectively.

West Electronic Corporation Sources Goods and Services for Its Electronics