Question

A new cell phone may have glass from Kentucky, a processor made in France, and a body made in Korea. These parts may then be assembled in China and warehoused in California before going to a store in your hometown. Which of the following terms BEST describes the steps involved in creating and getting the phone to the point of sale? a. redistribution b. flexible accumulation c. modern world systems theory d. commodity chain

Answer 1

Answer:

Letter d is correct. Commodity chain

Explanation:

Commodity chain is a technique widely used in the globalized capitalist world. In this process organizations produce their goods in various locations, which becomes a connected link of production and distribution in a globalized market. The advantages of the commodity chain is to achieve significant cost savings from purchasing goods from other countries, as well as increased production volumes and reach of international customers that enhances an organization's global perspective.