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Which of the Following Refers to the Sourcing of Goods

question 13

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Which of the following refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors such as labor,energy,land,and capital?


Definitions:

Spike

A Spike denotes a sudden, sharp increase in metrics such as prices, demand, or network traffic, usually temporary and often in response to an event or announcement.

Customizable Products

Goods that can be modified or tailored according to customer preferences or specific requirements, often to meet unique needs or tastes.

Competitive Strategy

A long-term plan formulated by a company to gain a competitive advantage over its rivals in the industry, focusing on strengths, market positioning, and customer value.

Responsive

The capability of reacting quickly and positively to changes or demands in the environment.

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