The large multinational beverage corporation, IDG, has entered 100 different markets around the globe. It has discovered a variety of bottlers and retailers to process and sell its drinks at a lower price which increases IDG's revenue The company is taking advantage of which benefit of globalization in business?

Question

Business

Junior

29 December, 08:40

The large multinational beverage corporation, IDG, has entered 100 different markets around the globe. It has discovered a variety of bottlers and retailers to process and sell its drinks at a lower price which increases IDG's revenue The company is taking advantage of which benefit of globalization in business?

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Answers (1)

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Dallas Hurley · Answer 1

Globalization of Production

Explanation:

IDG has taken benefit of globalization of production, where a company can when inserted in a global market, source its goods and services from any country has a better offer in quality and price. The company can choose around the globe the best provider for its needs (in this case the need to bottle and sell drink), maximizing in that way its revenue.