________ Is Defined as the Dispersal of Production Activities to Locations

question 99

Multiple Choice

________ is defined as the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service.

• A) Global offering
• B) Globalization of production
• C) Global governance
• D) Globalization of markets

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Definitions:

Growing Demand

An increase in the quantity of a product or service that consumers are willing and able to buy over a given period.

Economizing Problem

The fundamental economic issue of meeting people's unlimited wants with limited resources, necessitating choices and priorities in resource allocation.

Economic Wants

The desires of individuals or societies for goods and services that provide utility and satisfaction, exceeding the basic needs for survival.

Economic Means

The methods or tools employed to allocate and utilize resources efficiently in the production, distribution, and consumption of goods and services.