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Flip to reveal answersWhat made long supply chains possible
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All 4 Flashcards — Globalization
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Question
What made long supply chains possible
Answer
Digital coordination became nearly free, payment became immediate, and demand became visible everywhere at once.
Question
Where value is captured
Answer
At design and at the sale — the two steps involving the fewest people.
Question
Where cost lands
Answer
At mining, assembly and disposal — the steps furthest from where the profit is recorded.
Question
Why national rules miss global harm
Answer
The government with the power to act has no harm in front of it, and the one with the harm has no hold over the company.
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Full study notes for Globalization
Topic 4.2 hub
Economic
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Digital Society exam skills
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