Geographically Moving the Production of a Component or Product Closer

question 16

Short Answer

Geographically moving the production of a component or product closer to where it was originally produced is known as ________.

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Definitions:

Common Carriers

Companies that provide transportation services to the general public under license or authority provided by a regulatory body.

Transportation Services

The sector or services involved in the movement of goods and individuals from one location to another.

Government Regulation

The imposition of laws and rules by a government to control or manage certain activities or industries for public welfare.

Gratuitous Bailment

Gratuitous bailment occurs when personal property is voluntarily transferred to another's custody without expectation of payment or benefit, purely for the benefit of one party.