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Julli [10]
3 years ago
10

Sourcing goods and services from different locations around the globe in an attempt to take advantage of national differences in

the cost and quality of factors of production. This practice is made possible by the globalization of what? a. Finance. b. Production. c. Markets. d. Process design.
Business
1 answer:
andreyandreev [35.5K]3 years ago
5 0

Answer:

b. Production

Explanation:

Global Value Chains have been successful over the years due to most components being produced in the country where<em> it is cheaper to do so</em> and then the final output<em> is integrated in other country</em>.

Thus globalization of production has enabled <em>firms</em> to take advantage of national differences in the cost and quality of factors of production.

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