Which of the following 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 such as labor,energy,land,and capital?
A)Globalization of markets
B)Containerization of production
C)Dispersal of production
D)Globalization of production
E)Industrialization of markets

Question

Quizplus · Accepted Answer

The sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors such as labor, energy, land, and capital is known as globalization of production. Therefore, option D is the correct answer. The other options are not relevant to the given definition.

Which of the Following Refers to the Sourcing of Goods