10 Questions
What is an example of outsourcing mentioned in the text?
Outsourcing tasks to countries with lower labor costs or specialized expertise
What has greatly facilitated economic globalization according to the text?
The internet and digital communication tools
How does Coca-Cola's supply chain illustrate the interconnectedness of the global economy?
By sourcing ingredients from various countries and manufacturing beverages in multiple locations globally
What are the benefits of the practice of outsourcing and offshoring mentioned in the text?
Reducing costs for the company and providing employment opportunities in the outsourcing country
What has opened up opportunities for businesses to reach customers globally according to the text?
Online shopping platforms like Amazon
What is a key aspect of economic globalization according to the text?
International trade
What is an example of international trade in goods mentioned in the text?
Export of automobiles
What is a characteristic of transnational corporations (TNCs) as described in the text?
Operate in multiple countries
What is a primary reason for companies outsourcing customer service operations to countries like India as mentioned in the text?
Lower labor costs
What role do transnational corporations play in economic globalization according to the text?
Bringing products and services to different markets
Globalization and Technology Quiz: Test your knowledge on how technological advancements have transformed the global economy. Explore the impact of digital communication tools, online shopping platforms, and business opportunities in the era of economic globalization.
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