Darius Has Just Purchased an Expensive Pair of Designer Jeans

question 64

Multiple Choice

Darius has just purchased an expensive pair of designer jeans from large multinational company that has the fabric made in one foreign country and the jeans sewn in another,all for very low labour costs.What is Darius contributing to with his purchase?

• A) transnational commodification
• B) McDonaldization
• C) the global commodity chain
• D) cultural homogenization

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Definitions:

Savings Decisions

The process of determining how much money to set aside from current income for future use, often influenced by factors such as interest rates, economic expectations, and personal goals.

Capital Investment

The expenditure on physical assets like buildings, machinery, and equipment intended to increase the capacity or efficiency of a company.

Common Stock

A share of stock is an ownership claim on a firm, entitling its owner to a profit share.

Firm's Profits

The financial gains a company makes after subtracting all its costs from its total revenues.