The Globalization of Production Has Been Increasing as Companies Take

question 11

True/False

The globalization of production has been increasing as companies take advantage of lower barriers to international trade and location economies.

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Definitions:

Psychological Barrier

An emotional or mental resistance that inhibits a person from achieving a goal or performing an action.

Cultural Differences

refer to the diverse customs, beliefs, practices, and behaviors that distinguish various societies and ethnic groups from one another.

Image Problems

Difficulties or issues related to the perception and reputation of an entity, which can affect public opinion and stakeholder trust negatively.

Overcome Barriers

Strategies or actions taken to address and move past obstacles or hindrances.