Sony 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 factors of production.This practice is made possible by the:
A)globalization of production.
B)localization of markets.
C)focus on regulation.
D)homogeneity of markets.

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.

Sony Corporation Sources Goods and Services for Its Electronics Products