Question

Which of the following best illustrates the globalization of production?

You were buying three DVDs at Best Buy the other day. You asked for recommendations from sales people. One was recommended by a Mexican salesperson; another by a Vietnamese; and the third was a Chinese national

You bought one DVD and found out from the small prints that the American movie it contains was shot in Canada, the DVD was manufactured in Portugal, and you bought it online at Amazon.com

You bought three DVDs in Electronic World, a French retailer, in their store in San Francisco. One movie was English, another was French and the third is an Italian comedy

Answer 1

You bought one DVD and found out from the small prints that the American movie it contains was shot in Canada, the DVD was manufactured in Portugal, and you bought it online at Amazon.com

Step-by-step explanation:

he globalization of production is referred to as the sourcing of materials from locations around the globe for a production. Complete goods and services or parts are acquired from countries where they are available at lower opportunity costs are used to manufactured new products. The globalization of production is taking advantage of differences in the quality and cost of inputs in different countries.

Advancement in information technology and transportation has fueled the globalization of production. Reduction in international trade restrictions has made it possible for companies and countries to source for the factors of production, including capital, labor, and land from nations where they are least expensive.