The Impact of Globalization for Manufacturing Companies Has Been Reduced

question 7

True/False

The impact of globalization for manufacturing companies has been reduced reliance on long international supply chains because of the increasing cost to ship components and finished goods to foreign markets.

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Definitions:

Experienced Managers

Professionals who have gained knowledge and skills in leading and making decisions through years of overseeing organizational operations.

Successful Managers

Successful managers are individuals who effectively lead, direct, and supervise a team or organization towards achieving set goals and objectives through strategic planning, decision-making, and motivating employees.

Intuition

An instinctive knowing or sensing without the use of rational processes, often playing a significant role in decision-making.

Rational Thinking

The ability to think clearly, logically, and systematically, applying reason and critical thinking to decision-making or problem-solving.