Globalization Represents

question 18

Multiple Choice

Globalization represents:

• A) a return to isolationism.
• B) the opposite of isolationism.
• C) the economic complement of political isolationism.
• D) the political complement of economic isolationism.

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Definitions:

Flexible Production Capacity

The ability of a manufacturing process to adapt and respond to changes in demand by varying the amount of products produced without sacrificing efficiency or incurring significant costs.

Price

The amount of money required to purchase a product or service.

Risk Mitigation Strategies

Methods or plans implemented to reduce the likelihood or impact of potential threats to a business or project.

Flexibility

The ability of a supply chain to adjust its operations and adapt to changes, including demand variability, supply disruptions, and market conditions.