Global Sourcing Has Gained Momentum in the Current Phase of Globalization

question 7

True/False

Global sourcing has gained momentum in the current phase of globalization.

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Definitions:

Social Proof

The psychological phenomenon where people assume the actions of others in an attempt to reflect correct behavior for a given situation.

Scarcity

A condition where resources are limited in comparison to the desires or needs.

Credibility

The quality of being trusted and believed in, often resulting from a demonstrated record of reliability and integrity.

Reciprocity

Reciprocity is a social norm that involves mutual exchange, where actions or benefits provided by one party are returned by another.