Homework Help!!! Read Details!!?

Question

ok well im 13 and im in world history. we have to write a paper on globalization. for my paper i need real world examples of the following:

1. supply chaining
2. offshoring
3. outsourcing
4. free trade

i tried using the internet, but that doesnt explain to me in a way i understand.
PLEASE help me or im gonna fail!! :( if u can give me any real world examples of those terms i will love you ffffoooorrrrreeeevvvvveeeeerrrrrr!!!!!! thanx!!!

Answer 1

First off, you can probably get more detailed answers from wikipedia.org anyway, as far as i can explain

1) supply chaining, means the management of a product's logistic. it could be distribution network (eg. where should dell manufacture their computers? what areas should a regional dell factory be serving? and how should dell transport the products to customers, by air? by land? by sea?) there can be other areas, distribution network is just one of them.

2) offshoring means relocating of business processes or activities of a company overseas. it can be both internal (activity done by another branch of the country in another country eg. manufacturing of parts in china as labour is cheaper while assembling in US) external (activity done by another company in another country eg. call centers in india)

3) outsourcing means relocating business processes or activities to other company. it can be done both locally (another company that is in the same city, state, country depending on definition of local) or overseas (another company in another country)

4) free trade refers to trading between countries without restriction on the goods. restriction can come in the form of taxes, legislation, quotas, etc.

i am unsure if there could be other forms of meaning for free trade, but in general free trade refers to my explaination. commonly heard are free trade agreements where country leaders agree between one and another to allow trading between them without much sanctions.

of course, there are still legal boundaries even if free trade agreements are in place. like the trading of illegal weapons or drugs which will be highly prohibited.

Answer 2

Outsourcing is using an outside company to complete a task for you. For instance, many companies use outside recruiting agencies to fill open positions within their companies. Also, many computer companies use companies in India to answer "help desk" questions.