Final answer:
The statement that companies turn to exporting and importing goods across international borders after the global sourcing stage is true. Globalization allows companies to expand their markets and benefit from economies of scale and increased competition.
Step-by-step explanation:
After the global sourcing stage, companies that are going global often turn to exporting and importing goods across international borders. This statement is true. Global sourcing is a step where companies seek out products or services across the globe to find the best quality at the most cost-effective price. However, after establishing these global sourcing connections, firms typically engage in international trade - specifically exporting and importing - to move their goods or acquire materials and finished products from different countries.
Through globalization, which is the trend in which buying and selling in markets have increasingly crossed national borders, companies in the goods and services market – where firms are sellers and households are buyers – are able to sell their products internationally. This broadens the marketplace and allows even small economies to benefit from economies of scale, increased competition, and variety offered by several producers
Reflecting on the historical context, the shift in the production of goods, such as clothing manufacturing moving from the United States to China, illustrates the changing dynamics of international trade over time. It demonstrates how companies seek to lower costs and leverage different economic advantages offered by other countries.