List the Forces That Now Favor a Globalized Product Design

question 72

Essay

List the forces that now favor a globalized product design strategy.

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Definitions:

Entrepreneurial Talent

The unique set of skills, knowledge, and attitudes possessed by individuals that enable them to create, innovate, and manage businesses effectively.

Production Costs

The total expenses incurred in the manufacturing or production of goods, including labor, materials, and overhead.

Opportunity Cost

The amount of other products that must be forgone or sacrificed to produce a unit of a product.