Practice Quiz

Supply Chain Management

Category - Global Management

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What does the term globalization in SCM refer to?
  1. Supplying various products globally.
  2. Setting up multiple production units around the world.
  3. Increasing interconnectedness of countries and business for different markets and commodities.
  4. None of the above.
Explanation
Answer: C - Globalization is described as the increasing interconnectedness of countries around the globe through the growing quantity and range of cross-border dealings in commodities, freer worldwide capital flows, and more speedy and extensive distribution of technology.
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