What is globalization? What is the relationship between globalization and information technology?
What will be an ideal response?
Globalization is defined as global competition characterized by networks of international linkages that bind countries, institutions, and people in an interdependent global economy. Information technology, more than anything else, is making those networks of international linkages more possible by boosting the efficiency of that "connectedness." The Internet is propelling electronic commerce around the world. Companies around the world are linked electronically with employees, customers, distributors, suppliers, and alliance partners in many countries making the world a global marketplace.
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Suppliers enjoy bargaining power when their products or services carry low switching costs
Indicate whether the statement is true or false
Find the minimum cost solution for the transportation problem detailed in the table below
Before your solution can be implemented, you discover that the combination Source 3 — Destination 1 is unavailable, due to political turmoil in the country where Source 3 is located. Solve the revised problem. How much is cost increased by this complication?