The Growth of Global Sourcing Has Been Driven by ________

question 9

Multiple Choice

The growth of global sourcing has been driven by ________.

• A) the declining demand for highly skilled workers
• B) the rapidly aging population in advanced economies
• C) technological advances in communications
• D) the rising costs of international business

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Definitions:

Number of Firms

The total count of businesses operating within a particular market or industry.

Perfect Price Discrimination

A pricing strategy where a seller charges each buyer the maximum price the buyer is willing to pay.

Consumer Surplus

The difference between what you pay for some good or service and what you would have been willing to pay.

Senior Citizens

Individuals who are typically above the retirement age, usually considered to be 65 years or older, often eligible for certain social benefits.