One of the Goals of Globalization Is to Reduce Costs

question 9

Multiple Choice

One of the goals of globalization is to reduce costs by:

• A) charging a lot more for product sold.
• B) using a skimming technique of increasing prices for brand name merchandise.
• C) collecting unnecessary surplus and dumping it in receptive markets.
• D) reducing costs by pooling production or exploiting factor costs or capabilities.

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Definitions:

Small Area

A designated, limited physical space or geographic region.

Community

A social group of any size whose members reside in a specific locality, share government, and often have a common cultural and historical heritage.

Wolhynian Fever

An infectious disease, also known as trench fever, caused by the bacteria Bartonella quintana and transmitted by body lice.

Parasitic Infestation

The invasion and colonization of the body by parasites, causing health issues ranging from minor discomfort to serious disease.