Global Coordination of All of the Major Business Functions Permits

question 34

Multiple Choice

Global coordination of all of the major business functions permits the location of business activity according to

• A)comparative advantage.
• B)social norms and values.
• C)competitive threat.
• D)knowledge base.
• E)labor costs.

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Definitions:

Base Wage

The initial rate of pay, excluding overtime or bonuses, agreed upon by an employer and employee.

Machining

A manufacturing process involving the cutting, shaping, or finishing of metal or other materials with machine tools.

Lathe

A lathe is a machine tool used to shape metal, wood, or other materials by rotating the workpiece against a cutting tool.

Web Site

A collection of interlinked web pages typically hosted under the same domain name and accessible via the Internet.