Which of the following explains global sourcing? a. Productsthat are sold outside of the European Community. b. Productssourced from local suppliers. c. Products are increasingly sourcedfrom foreign, low-cost countries. d. Products which are purchasedto be sold locally.
Expert Answer
Ans: c. Products are increasingly sourced from foreign, low-costcountries.
Explanation: Global sourcing refers to seeking goods andservices beyond one’s borders, i.e., from the global market. It isa procurement strategy in which companies try to find the mostcost-efficient place globally for manufacturing goods.