Question

A corporation seeks to minimize expenses by moving production and labor to periphery nations where labor costs are lower. Which term BEST defines this mod]

Answer 1

flexible accumulation BEST defines this mod

What is flexible accumulation?

In response to competition from newly industrializing and less developed countries, as well as market saturation and fragmentation within more economically developed countries, the use of innovative industrial technologies, adaptable inter-firm relations, variable organizational structures, and flexible consumption.

Flexible Accumulation involves ICT, an expanded service sector, and job insecurity; it requires employees to be adaptable to the needs of their employers. This enabled non-standardised products to be produced for smaller markets, encouraging consumer diversity, choice, and instability.

accumulation that is adaptable the increasingly adaptable profit-accumulation strategies employed by corporations in an era of globalization, made possible by innovative communication and transportation technologies Increased migration refers to the increased movement of people within and between countries. Development is uneven.

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