Ask Question
BusinessBusiness
28 November, 05:08

When Jerry started his small appliance manufacturing company in the 1950s, every component part was made in the USA and the product was assembled in the USA. Today, he sources the components from China. The change at this company is an example of the

+5
Answers (2)
  1. 28 November, 05:12
    0
    globalization of production

    Explanation:

    Globalization of production is a common practice adopted in our contemporary world, which involves a producer sourcing for various components needed for production from different locations in another country, with the sole aim of lowering the overall cost structure.

    The change at the company started by Jerry is an example of globalization of production. It is most likely that the company has found the sourcing of the components from China more economical, hence, the change.
  2. 28 November, 05:21
    0
    When Jerry started his small appliance manufacturing company in the 1950s, every component part was made in the USA and the product was assembled in the USA. Today, he sources the components from China. The change at this company is an example of globalization of production.

    Explanation:

    Globalization of production is a situation whereby material, labour and capital flow for one country to another so as to enhance production process.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When Jerry started his small appliance manufacturing company in the 1950s, every component part was made in the USA and the product was ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
One fact about all currency is that it
Answers (1)
Korte Company reported the following information for 2014: Sales revenue $1,500,000 Cost of goods sold 1,050,000 Operating expenses 165,000 Unrealized holding gain on available-for-sale securities 50,000 Cash dividends received on the securities
Answers (1)
American Products is concerned about managing cash efficiently. On average, inventories have an age of 80 days, and accounts receivable are collected in 40 days. Accounts payable are paid approximately 30 days after they arise.
Answers (1)
If a customer is wrong about something when expressing resistance, the salesperson should consider using the Indirect Denial method before considering the Direct Denial method.
Answers (1)
Ginger works for an organization that requires employees to engage in a variety of socially responsible projects as part of the job, although work hours are not reduced by this participation.
Answers (1)
New Questions in Business
Which of the following is NOT one of the strategies incorporated in the Sarbanes-Oxley Act of 2002? (A) Establish compliance programs (B) Establish ethics programs (C) Dictate maximum compensation levels (D) Attain greater board independence
Answers (1)
On March 1, 2022, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $86,000 in cash.
Answers (2)
Which of the following statements is true of the market introduction stage of the product life cycle?
Answers (1)
Look at the thesaurus entry that follows this sentence. which word is the best replacement for the word "expensive"? the new insurance plan was expensive - far beyond karl's ability to pay.
Answers (1)
The best way for a franchisee and franchisor to evaluate each other is for the potential franchisee to go to a sales presentation. for the potential franchisee to spend time working in a franchise location.
Answers (2)
Home » Business » When Jerry started his small appliance manufacturing company in the 1950s, every component part was made in the USA and the product was assembled in the USA. Today, he sources the components from China.
Sign Up Forgot Password?