Global Business Today 4th Canadian Edition By Charles Hill – Test Bank
- According to the opening case, the most important reason to assemble iPhones in China was due to:
A. lower labour costs in China
B. foreign exchange rates
C. consumer preferences for foreign items
D. the ability to scale production up and down
E. tariffs and trade barriers
- The trend toward a more integrated and interdependent global economic system that has been in place for many years is commonly referred to as:
A. market standardization
B. cross-border integration
C. globalization
D. consumerism
E. nationalization
- Sourcing goods and services from locations around the globe is known as __________.
A. melding of markets
B. integration of markets
C. deregulation
D. globalization of production
E. globalization of markets
- The globalization of __________ refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labour, energy, land, and capital).
A. information technology
B. process design
C. markets
D. production
E. R&D
