How Does the Global Economy Change Value Chains and Business

question 32

Multiple Choice

How does the global economy change value chains and business processes?

• A) World time differences enable global virtual companies to operate 24/7.
• B) Overseas outsourcing is no longer an attractive option.
• C) It makes it difficult for an international company to conduct sales and marketing efforts locally.
• D) It makes it mandatory for the manufacturing activities to be carried out from the home country.

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Definitions:

Federal Courts

Courts established by the federal government that have jurisdiction over legal cases and controversies under federal law.

Injunctions

Court orders requiring an individual or entity to do or cease doing a specific action, often used to prevent irreparable harm.

LMRA

The Labor Management Relations Act, also known as the Taft-Hartley Act, which regulates labor-management relations in the United States.

Unfair Labor Practice

Actions by employers or unions that violate the rights of employees or the collective bargaining process as defined by labor laws.