Podcast
Questions and Answers
What is an example of outsourcing mentioned in the text?
What is an example of outsourcing mentioned in the text?
- Offshoring production to reduce transportation costs
- Setting up subsidiaries in different countries for tax benefits
- Outsourcing tasks to countries with lower labor costs or specialized expertise (correct)
- Companies hiring local employees for specialized tasks
What has greatly facilitated economic globalization according to the text?
What has greatly facilitated economic globalization according to the text?
- The internet and digital communication tools (correct)
- The rise of multinational corporations
- Advancements in transportation technology
- Government policies promoting international trade
How does Coca-Cola's supply chain illustrate the interconnectedness of the global economy?
How does Coca-Cola's supply chain illustrate the interconnectedness of the global economy?
- By limiting production to one country to reduce costs
- By sourcing ingredients from various countries and manufacturing beverages in multiple locations globally (correct)
- By exclusively sourcing ingredients from the United States
- By avoiding international trade to maintain independence
What are the benefits of the practice of outsourcing and offshoring mentioned in the text?
What are the benefits of the practice of outsourcing and offshoring mentioned in the text?
What has opened up opportunities for businesses to reach customers globally according to the text?
What has opened up opportunities for businesses to reach customers globally according to the text?
What is a key aspect of economic globalization according to the text?
What is a key aspect of economic globalization according to the text?
What is an example of international trade in goods mentioned in the text?
What is an example of international trade in goods mentioned in the text?
What is a characteristic of transnational corporations (TNCs) as described in the text?
What is a characteristic of transnational corporations (TNCs) as described in the text?
What is a primary reason for companies outsourcing customer service operations to countries like India as mentioned in the text?
What is a primary reason for companies outsourcing customer service operations to countries like India as mentioned in the text?
What role do transnational corporations play in economic globalization according to the text?
What role do transnational corporations play in economic globalization according to the text?
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