The Process by Which Social Structures and Institutions Become Global

question 38

Multiple Choice

The process by which social structures and institutions become global rather than national is called

• A) globalization.
• B) homogenization.
• C) cultural diffusion.
• D) postmodernism.

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Definitions:

Intermediaries Shipping

Third-party entities in the supply chain that specialize in the logistics and transportation of goods from manufacturers to consumers or retailers.

Time Utility

The increase in a product's value resulting from its availability at the most appropriate or desired time.

Place Utility

The value added to products by making them available at a location convenient to consumers.

Channel Intermediaries

Businesses or individuals that act as intermediaries in the distribution process, facilitating the movement of goods from producers to consumers.