Agri-Corp Manufactures Large Farm Implements and Currently Sources Component Parts

question 20

Multiple Choice

Agri-Corp manufactures large farm implements and currently sources component parts for these large machines from fifteen different companies around globe. They use these sources to take advantage of lower costs. This demonstrates the idea of

• A) globalization of markets.
• B) containerization of production.
• C) dispersal of production.
• D) globalization of production.
• E) industrialization of markets.

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Definitions:

Persuasion

The act of influencing someone’s beliefs, attitudes, intentions, motivations, or behaviors through argument, reasoning, or plea.

Behavior

The actions or reactions of a person or animal in response to external or internal stimuli.

Globalization

The process involving the integration and interdependence of national economies, cultures, and populations brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Individual-level Inequalities

Disparities experienced by individuals in terms of resources, opportunities, and treatment due to their characteristics.