Define the term global sourcing in business

      

Define the term global sourcing in business

  

Answers


Faith
Global sourcing is a term used to describe a strategy for buying goods and services from
countries other than your own so that you can access significant benefits. This is because
different parts of the world will be at different stages in their development and so have
different cost structures. It can also be because other countries may own raw materials that
are not available in your own country or are in short supply.
Titany answered the question on November 24, 2021 at 12:28


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