Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. what are the most important drivers (or factors) t

What are the most important drivers (or factors) that motivate firms to engage in global sourcing?...

80.2K

Verified Solution

Question

Economics

What are the most important drivers (or factors) that motivatefirms to engage in global sourcing? Identify and discuss at leastfour drivers?

Answer & Explanation Solved by verified expert
4.5 Ratings (662 Votes)
Most important drivers or factors that motivate firms to engage in global sourcing are To Expand Sales The first and foremost reason is that western multinationals would like to expand their sales and acquire newer markets so that they can record impressive growth rates Considering the fact that the developing countries are peopled with consumers who have aspirations to western lifestyles it is but natural that the western companies would like to target this need and hence expand into these markets Moreover with declining sales in one region the western companies hope to recoup the losses by expanding into other markets Further the attractive    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Description The Home pregnancy test strips are classified under “Rapid immunological tests”; the strips are a form...

Biology
Q

of distance is given as U x 6x 2x The conservative force acting on body...

Physics
Q

1 Calculate the mass of ascorbic acid Vitamin C CH O to be dissolved in...

Physics
Q

R Consider the graph given above Give an Euler trail through the graph by listing...

Basic Math
Q

4 6 y 2 and u 3 3 Compute the distance from y to the...

Algebra
Q

For each of the following situations involving single amounts, solve for the unknown. Assume that...

Accounting
Q

The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated...

Accounting
Q

The contribution format income statement for Huerra Company for last year is given below: ...

Accounting
Q

Larry recorded the following donations this year: $500 cash to a family in need $2,400...

Accounting
Q

Accounting
Q

Sheridan Company has these comparative balance sheet data: Additional information for 2022: 1. Net income...

Accounting
Q

An entrepreneur wants to set up a new super-speciality hospital with 300 beds offering oncology...

Finance