5(D)

Question 1

Innovation

Answer 1

Innovation is the process of altering and improving or creating new products or procedures.

Question 2

Global sourcing of inputs

Answer 2

Global sourcing of inputs involves a business acquiring raw materials and resources from overseas suppliers.

Question 3

Overseas manufacture

Answer 3

Overseas manufacture involves a business producing goods or services outside of the country where its headquarters are located.

Question 4

Global outsourcing

Answer 4

Global outsourcing involves transferring specific business activities to an external business in an overseas country.