Question

Which of these companies is taking advantage of the globalization of production?

Answer 1

Answer:

A) Daily Diamonds, an American jewelry manufacturer, buys diamonds from South Africa and exports them to India for the cutting process.

Explanation:

The word 'globalization' means the world to be one where one can access to any part of the world if one wishes. And globalization of production means an individual or a firm can buy raw materials from one place of the earth and send it to other part of the planet or any place for further process and distribution or sale. Thus the option A best suits the answer where an American jewelry manufacturer buys diamonds form one part of the planet that is from South Africa and exports to India for further cutting process, which is at the different [part of the planet thus making the production process global.

Thus the answer is A) Daily Diamonds, an American jewelry manufacturer, buys diamonds from South Africa and exports them to India for the cutting process.