Global Sourcing Involves

question 8

Multiple Choice

Global sourcing involves:

• A) exporting products for sale.
• B) purchasing materials, components, or services from around the world for local use.
• C) selling a foreign firm the right to make your products.
• D) building a plant to produce goods for sale in foreign countries.

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Definitions:

Defenses Available

A rewording of legal strategies or claims that can be used by a defendant to reduce liability or dismiss a lawsuit.

Strict Liability

Refers to legal responsibility for damages or injury, even if the person found strictly liable was not at fault or negligent.

Building Construction

The process involving materials, design, and planning to create a structure for a specific use or purpose.

Selling

The process of exchanging goods or services for money or other compensation.