Asked by Charles Johnson on Jun 13, 2024

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Extensive customization of a product offered in different international markets would most likely defeat which of the following benefits of global trade?

A) lower labor costs
B) lower production costs
C) higher quality materials
D) higher consumer consumption

Extensive Customization

Extensive customization refers to the process of tailoring products, services, or experiences to meet the specific needs or preferences of individual customers, often involving significant modifications.

Global Trade

Refers to the exchange of goods, services, and capital across international borders, driven by the aim of accessing new markets and leveraging global efficiencies.

  • Understand the impact of extensive customization on the benefits of global trade.
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KM
Kèvîñ MártîñézJun 14, 2024
Final Answer :
B
Explanation :
Lower production costs are one of the benefits of global trade due to economies of scale and specialization. However, extensive customization of a product offered in different international markets would result in higher production costs, nullifying this benefit.