Which of the following refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors such as labor, energy, land, and capital?
a. globalization of markets
b. containerization of production
c. dispersal of production
d. globalization of production
e. industrialization of markets

Globalization of production

Explanation: In simple words, production globalization refers to the free flow of factors of production from one economy to others.

The business firms nowadays face a lot of competition due to which they always seek for sources which can provide them low cost or better quality at same prices.

Thus, globalization helps these firms to take benefit of price difference in factors of production in different economies.

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

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