In class,Shareen was asked to give an example of globalization of production.Which of the following would be her response?

Question

Quizplus · Accepted Answer

Globalization of production refers to the outsourcing of specific production activities to different locations around the world based on the most cost-effective and efficient location. In this case, hospitals outsourcing the reading of x-rays to technicians in India is an example of this as it involves the shifting of a particular production activity from one location to another to reduce costs. The other options listed involve the selling of products globally, but not necessarily the outsourcing of production activities.

In Class,Shareen Was Asked to Give an Example of Globalization