Author Question: A global supply chain is the compilation of business activities intended to create, produce, ... (Read 107 times)

renzo156 · **on:** Jul 7, 2018

A global supply chain is the compilation of business activities intended to create, produce, advertise, deliver, and support a focal firm's product or service.

Indicate whether the statement is true or false

Question 2

How has the adoption of free markets worldwide served as a driver of market globalization? Provide three examples to support your answer.

What will be an ideal response?

abro1885 · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

FALSE

Answer to Question 2

In the last three decades, free-market reforms in China and the former Soviet Union smoothed the integration of former command economies into the global economy. Numerous Asian economies-for example India, Indonesia, Malaysia, and South Korea-embraced free market norms. These events opened roughly one-third of the world to freer international trade and investment. China, India, and Eastern Europe have become some of the most cost-effective locations for producing goods and services worldwide. Privatization of previously state-owned industries in these countries has encouraged economic efficiency and attracted massive foreign capital into their national economies.