Some of the Benefits of Globalisation Include

question 50

Multiple Choice

Some of the benefits of globalisation include:

• A)It enables countries to focus on what they do best
• B)It creates cheaper goods by outsourcing/offshoring elements of production and other parts of the value chain to lower cost countries
• C)It is championed by developed countries who stand to benefit most from it
• D)All of the above
• E)Options A and B only

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Definitions:

Internal Failure Costs

Costs incurred to rectify defects found before the delivery of a product to the customer, part of quality control expenses.

Defective Products

Items that fail to meet quality standards or specifications and are therefore unsuitable for sale or use.

Services

Activities provided by one party to another, often in exchange for payment, which do not result in ownership of anything. They are intangible and can vary greatly in nature.

Quality Costs

Expenses related to ensuring products or services meet company and customer standards, including costs of prevention, appraisal, and failure.