Local Sourcing

question 8

Multiple Choice

Local sourcing:

• A)Reduces delivery costs.
• B)Is called "nearshoring."
• C)Is used when cost is the primary objective.
• D)Takes advantage of lower trade barriers from trade agreements.

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Definitions:

Northern School

Refers to a classification of artists or art movements that originated in the northern regions of Europe, distinct in style and technique from Southern counterparts.

Southern School

A term that can refer to various movements or schools in different disciplines, often implying a regional distinction or specific characteristics that differentiate it from northern counterparts.

Marco Polo

An Italian merchant, explorer, and writer who traveled through Asia along the Silk Road to China, where he spent over two decades in the 13th century.

Yuan Dynasty

The dynasty established by Kublai Khan in China that ruled from 1271 to 1368, characterized by significant cultural contributions and the integration of Mongol and Chinese elements.