Seeking to lower overall costs, a South Korean car manufacturer sources many of the parts for its cars from other Asian countries. This practice demonstrates the

Question

Social Studies

Martin Travis

15 October, 02:47

Seeking to lower overall costs, a South Korean car manufacturer sources many of the parts for its cars from other Asian countries. This practice demonstrates the

+5

Answers (1)

Know the Answer?

Taniyah Williams · Answer 1

The practice of the South Korean car manufacturer demonstrates the globalization of production.

Explanation:

It is evident from the action of the car manufacturer that he is concerned with keeping the cars manufactured by him affordable for all. In order to secure that feat, he devises where can he fetch parts for the car at the cheapest rates. He chooses to go beyond his domestic boundaries to fetch the parts which can be deemed as an act resembling the globalization of his business.