A U.S. corporation relocating part of its workforce to another country to save on labor costs while continuing to produce the same goods and services is an example of which of the following?Multiple choice question.cultural lagglobalizationmaterial culturenonmaterial culture

Multiple Choice QuestionWhat term describes the situation when an American firm transfers manufacturing and other tasks to companies in countries where labor costs are less expensive?Multiple choice question.OutsourcingExportingCountertradingFranchising

Multiple Choice QuestionWhich scenario is an example of importing?Multiple choice question.To meet growing global demand for pineapples, Hawaiian producers of pineapples have increased sales outside of the United States in recent years.An American auto manufacturer invests in building a factory in Sweden and moves its manufacturing operations to that country.Major League Baseball enters into an agreement with a Canadian clothing company allowing it to sell its clothing with the MLB logo.Hewlett-Packard buys computer parts from suppliers in Asia to build its laptops.

Multiple Choice QuestionFor the United States, importing involves the purchase of goods and services from foreign sources while exporting involves ______.Multiple choice question.selling domestically-made products to U.S. consumersbuying merchandise that has been produced overseasbuying products from foreign marketsselling goods and services to foreign markets

Multiple Choice QuestionNelson Manufacturing, based in Cleveland, decided to relocate the process of installing component parts to Mexico. It made this decision to take advantage of lower wage rates. Nelson Manufacturing still retains control of the process because it is not subcontracting the work to another company. What is this an example of?Multiple choice question.FranchisingOffshoringLicensingOutsourcing

(c) Examine the article below about a multinational company moving the location of one of its factories and answer each of the following questions.: A multinational company, whose head office is in the USA, has decided to relocate one of their factories from Ireland to Vietnam in Asia. This will result in the loss of 400 jobs in the large Irish town where the factory is currently located. (i) Name one impact of the relocation mentioned in the article above. (ii) State one reason why a multinational company would decide to move a factory from a developed country, like Ireland, to a developing country, like Vietnam. (iii) How does this decision by the multinational company to move one of its factories to another country show that we live in a globalised and interconnected world?