Answer: B. It potentially results in better products for the customer.
Explanation:
Importation of components for the production of a good might lead to a potentially better product for consumers because the knowledge base of a superior country in manufacturing the said component would be utilized.
One benefit of Globalization is that better products than can be made locally can be sourced from outside countries so that products are better and stronger.
If a company imports components it could be because they are trying to save costs or it could be that they found Superior products than they did at home. Should the latter be the case then there is a chance that they will make better products because of these better components.
weighing the information needed to make rational decisions
Answer:
B. Entrepreneurship
Explanation:
Entrepreneurship is the process of creating and running a new business. A person who takes the initiative to start a business is called the entrepreneur. The entrepreneur assumes all the risks associated with the venture but also enjoys its rewards. In practice, entrepreneurs see opportunities where others don't. They are innovators, skillful, and a source of ideas for new products and services.
Jessica is an entrepreneur. She is a skilled violinist who takes the risks of starting a preschool business. She will use her expertise to offer a service in her community. As the entrepreneur, she will have to provide the factors of production. For example, the land and building where the school will be located represent 'land 'as a factor of production. Should the business fail, Jessica will suffer all the losses.
<span>Operational Excellence.
The strategy used by McDonald's matches Terry Hill's 5 step method for attaining operational excellence.</span>