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Questions and Answers
What does Global Sourcing refer to in the context of INTERNATIONAL BUSINESS?
What does Global Sourcing refer to in the context of INTERNATIONAL BUSINESS?
- Utilizing local sources to cut costs
- Limiting sourcing options to a specific country
- Identifying the best source of supply regardless of location (correct)
- Utilizing only domestic suppliers
Which of the following is NOT mentioned as a con of Global Sourcing in the text?
Which of the following is NOT mentioned as a con of Global Sourcing in the text?
- Local Tariff And Tax
- Language Barrier
- Increased Production Capacity (correct)
- Political Instability
What is one of the Pros of Global Sourcing mentioned in the text?
What is one of the Pros of Global Sourcing mentioned in the text?
- Limited Infrastructure
- Unskilled Workforce
- High Production Costs
- Cheaper Cost (correct)
Which term refers to the act of selling goods or services to other countries?
Which term refers to the act of selling goods or services to other countries?
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What does Countertrade involve?
What does Countertrade involve?
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