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.

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Definitions:

Socioeconomic Disparities

Differences in wealth, education, and occupation status among various social groups, often leading to unequal access to resources.

Virginity Pledges

Promises made by individuals, typically teenagers, to abstain from sexual intercourse until marriage, often as part of organized efforts to promote abstinence.

Singlehood

The state of being unmarried or not involved in a romantic partnership, which may be a personal choice or circumstance.

Adult

A person who has reached a stage of maturity in which they have attained full physical development and are considered legally responsible for their actions.