What is a global commodity chain?
A) a form of global trade designed to minimize tariffs for importers of products
B) a global system of stores or franchises,such as McDonald's restaurants
C) a form of marketing with the goal of taking a product to as many countries as possible
D) a worldwide network of labour and production resulting in a finished product

Question

Quizplus · Accepted Answer

A global commodity chain refers to the entire network of labor and production involved in bringing a finished product to market. This includes multiple stages of production in different countries, transportation, marketing, and sales. The term emphasizes the interconnectedness of global economic activities and the complex process involved in producing and selling a commodity.

What Is a Global Commodity Chain