How Has Technological Innovation Affected the Globalization of Production

question 56

Multiple Choice

How has technological innovation affected the globalization of production?

• A)The real costs of information processing and communication have increased in the past two decades.
• B)The effective and efficient execution of a digitized work process remains limited to developed countries.
• C)It makes it possible for a firm to create and then manage a globally dispersed production system.
• D)It helps domestic businesses gain a sustainable competitive advantage over multinational firms.

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Definitions:

Childhood Experiences

Events or interactions during early life that can significantly influence one’s personality and behavior in adulthood.

Birth Order

Refers to the order a child is born in their family; first-born and second-born are examples of birth order, which psychologists study for its potential impact on personality and behavior.

Dethronement

Refers to the psychological impact experienced by a child when a younger sibling is born, leading to feelings of loss of attention and displacement.

First-born

A term denoting the first child born to a parent or parents, often discussed in the context of birth order effects on personality and development.