Which of the following describes why more companies are going to the global marketplace to acquire needed resources?

Question

BlackTom AI · Accepted Answer

Consider the central idea of why firms expand into the global marketplace for resources: cost efficiency and access to a broader set of inputs.
Option 1: 'to find substitute products' — While substitutes may be relevant in some markets, this option frames global sourcing as a search for alternatives to products rather than inputs or resources themselves. It misses the broader motive of cost reduction and supply stability that drives global resource procurement.
Option 2: 'to find alternative resources' — This is plausible in some contexts, as firms seek different inputs due to price changes or scarcity. However, it is vague about the primary driver and does not explicitly emphasize cost or efficiency advantages that come with global sourcing.
Option 3: 'to find less costly resources' — This directly targets the principal incentive for firms to source internationally: lower input costs through access to cheaper suppliers, lower labor or material costs, and favorable exchange rates. It aligns with the widespread economic rationale for global procurement and supplier diversification.
Option 4: 'to operate efficiently' — Although operating efficiently can be a consequence of global sourcing (via economies of scale or streamlined supply chains), this statement is broad and describes an outcome or goal rather than the core reason for seeking resources globally. It is less specific about the resource aspect and cost considerations.
In summary, the strongest alignment with the common rationale for global resource acquisition is the pursuit of lower input costs, while the other options describe related ideas but do not pinpoint the primary motive as clearly.

2025SU BSN 100 01 GRADED Quiz: Chapter03

Which of the following describes why more companies are going to the global marketplace to acquire needed resources?

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