Asked by Nadia Janik on Jul 02, 2024
Verified
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.
Verified Answer
LW
Leandra Wilson6 days ago
Final Answer :
A
Explanation :
When we buy a commodity, it often comes from a complex global commodity chain that involves various stages of production, transportation, and distribution across different countries and regions. This chain is driven by market forces, and it can involve different actors, ranging from multinational corporations to small-scale producers and laborers in different parts of the world. Therefore, choice A is the most appropriate answer. Choices B, C, D, and E are not directly relevant or accurate in this context.
Learning Objectives
- Understand the concept and components of the global commodity chain.