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The Globalization of Production Has Been Increasing as Companies Take

question 18

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The globalization of production has been increasing as companies take advantage of lower barriers to international trade and investment to disperse important parts of their production process around the globe.


Definitions:

Components In Series

An electrical configuration where components are connected along a single path, so the same current flows through all of them.

Preventive Maintenance

Routine maintenance, inspections, and servicing performed on equipment, machinery, or systems to prevent unexpected failures or breakdowns.

Product Reliability

The likelihood that a product will perform its intended function without failure over a specified period.

Accelerated Testing

A testing methodology that speeds up the normal use rate of a product to quickly observe potential failures and improve its reliability over its lifetime.

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