Which of the Following Has Been a Key Driver for Firms

question 24

Multiple Choice

Which of the following has been a key driver for firms to expand globally during the globalization 3.0 stage?

• A) Benefits from lower labor costs in manufacturing and services
• B) Access to low-cost raw materials such as lumber and iron ore
• C) Low levels of economic growth in emerging economies
• D) Inefficient infrastructure in countries like China, which have brought down setting-up costs

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Definitions:

International Dimensions

Aspects or considerations related to global operations and interactions, including cultural, economic, legal, and political differences across countries.

Historical Management Theory

The study of past management practices and principles to understand the evolution of management thought and its application over time.

Business Environment

The combination of internal and external factors that influence a company's operating situation, such as economic conditions, competitors, and regulatory landscapes.

Quality Conscious

Being aware of and giving importance to the quality of products, services, or work, often striving to maintain or improve it.