2. Which of the following is an example of the globalization of production? a. Pepsico sells the same brand of pringles in multi
ple markets but with flavors talilored to local tastes. b. The World Trade Organization forces Venezuela to change its gasoline grade to conform to the US Clean Air Act. c. Ford manufactures a car in Michigan, but uses parts sourced from 27 countries. d. All of the above.
Answer: Ford manufactures a car in Michigan, but uses parts sourced from 27 countries
Explanation:
Globalization is the process by which businesses or organizations develop international influence or a situation whereby they start operating on international scale.
Globalization of production has to do with the producers of final finished goods relocating and moving to other parts of the world in order to source for the necessary raw materials or equipments needed to complete a product and assemble all of them at their facility.
Based on this definition, Ford manufactures a car in Michigan, but uses parts sourced from 27 countries is the right answer.
Answer: c. Ford manufactures a car in Michigan, but uses parts sourced from 27 countries
Explanation:
Globalization of production entails when companies source or gather best materials or services from other countries in order to incorporate it to the manufacturing or establishment of the final product in another country so as to get the best reduced cost in production with best materials or services.
Ford manufactures a car in Michigan, but uses parts sourced from 27 countries follows the Globalization of production.
The opportunity cost Bob's brother Joe $20,000. Remember, the term Opportunity cost refers to the cost (loss in this context) incurred when one forgoes an alternative best option–holding them in a brokerage account, in place for a less beneficial one.
Thus, Bob chose the best alternative over his brother.
