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) localization of markets.
C) increasing differences in tastes and preferences of consumers across the world.
D) nationalization of private enterprises.
E) rise of communism throughout the globe.

Question

Quizplus · Accepted Answer

The 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 an example of globalization of production.

West Electronic Corporation Sources Goods and Services for Its Electronics