Tala asked in Social ScienceSociology · 1 month ago

I don't understand how the globalization of production may help companies minimize costs?

"The globalization of production and distribution (essential components of the marketing mix) may help your company minimize costs and lower your bottom line." Can someone please elaborate ?

3 Answers

  • 1 month ago

    You move the manufacturing to China and then you can only pay workers $1 a day or use slaves or children, instead of paying adults $20 an hour in Michigan.

  • rick
    Lv 7
    1 month ago

    "globalization" is a kind of code word for moving your production facility to a place where child labor is available and the normal daily wage is less than $1 a day.

  • 1 month ago

    globalization refers to the global movement of money and products from places where they're cheaper to produce to places where they get a better price at sale. Like for example, it's cheaper for Apple to make iPhones in China than in the U.S., by doing that Apple's profits are higher than if they made the iPhone in California.

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