Industries That Benefit the Most from Global Sourcing Are Characterized

question 29

True/False

Industries that benefit the most from global sourcing are characterized by low labor intensity in product and service production.

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Definitions:

Cars

Motor vehicles with four wheels typically used for transportation of people rather than goods.

Trucks

Heavy vehicles used for transporting goods and materials over land.

Opportunity Cost

The cost of forfeiting the next best alternative when making a decision, representing the benefits missed when choosing one option over another.

Alfalfa

A perennial flowering plant often used as forage for livestock, valued for its high nutrient content and adaptability to diverse climates.