In the 2010s, rising labor costs in Asia combined with high oil prices

QUESTION

In the 2010s, rising labor costs in Asia combined with high oil prices increased the cost of overseas manufacturing and shipping. In response, U.S. companies began transferring outsourced manufacturing work back to America.

This is an example of the benefits of what kinds of forces?
A) technology
B) competitive advantage
C) globalization
D) e-business
E) diversity

ANSWER

Answer: C
Explanation: C) The more level playing field of the various global economic systems allows companies greater flexibility to earn profits.