Which of the Following Has Been a Key Driver for Firms

question 8

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:

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented alongside an unconditioned stimulus.

Permanent Change

An alteration or transformation that is lasting and not reversible over time.

Nerve Fiber Patterns

The arrangement or distribution of nerve fibers within a specific area of the nervous system.

Physical Changes

Alterations in the physical state or appearance of a substance or organism that do not involve a change in its composition or identity.