Asked by Nadia Janik on Jul 02, 2024
When we buy a commodity,we often tap into a(n) ____.
A) global commodity chain
B) imperialist community
C) network of glocalization
D) neoliberal organization
E) peripheral environment
Global Commodity Chain
The worldwide network of production and distribution processes through which a product passes until it reaches the consumer.
Glocalization
The practice of conducting business according to both local and global considerations.
Neoliberal Organization
An entity or group that operates based on neoliberal principles, emphasizing free markets, deregulation, and the reduction of government intervention in the economy.
- Understand the concept and components of the global commodity chain.
Learning Objectives
- Understand the concept and components of the global commodity chain.