How Does the Global Economy Change Value Chains and Business

question 32

Multiple Choice

How does the global economy change value chains and business processes?

• A) World time differences enable global virtual companies to operate 24/7.
• B) Overseas outsourcing is no longer an attractive option.
• C) It makes it difficult for an international company to conduct sales and marketing efforts locally.
• D) It makes it mandatory for the manufacturing activities to be carried out from the home country.

---

Definitions:

Clinical Psychology

A branch of psychology focused on diagnosing and treating mental, emotional, and behavioral disorders through various therapeutic techniques.

Doctorate

A high-level academic degree awarded by universities, typically after completing extensive research in a specific field of study.

Critical Thinking

The process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information gathered from observation, experience, reflection, reasoning, or communication.

General Psychology

The scientific study of mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought.