Case Study
What corporation ran the now Infamous “Not Bottled in Cleaveland” Campaign?
Fuji
What is the concept that production and innovation get concentrated globally to exploit cost advantages and scale?
Economies of Scale
What is one of the main reasons companies engage in offshoring?
lower labor and production costs
Manufacturing Demand Uses What Tactics?
Fear & seduction
This term describes when one company dominates a market, limiting competition and controlling prices.
Monopoly
Access to public drinking water in the United States is underfunded by how much?
24billion
What term describes the worldwide network of production, transportation, and distribution that turns raw materials into finished goods?
Global Supply Chain
One example of offshoring we talked about in our presentation, besides the case studies
Apple
Large Corperations are not willing to directly lie to consumers due to fear of legal penalties? (True or False)
F
What nicknames did companies like Apple/Microsoft gain because of their global monopoly in their industry?
Bottled water cost X more times than tap water
What is it called when companies move parts of their production to other countries to reduce costs?
Offshoring
This Asian country is often called “the world’s factory” because it became a major destination for offshored manufacturing in the global supply chain.
China
Human impact on the environment is known as...
Anthropocene
Corporations often gain what kind of influence because of the huge influx of money?
Political
United States consumes x bottles of water a week
500,000
The idea that each country should focus on producing what it can do most efficiently, while trading for other goods, underpins the global supply chain.
Comparative Advantage
Companies began rethinking offshoring after this 2020 event caused major factory shutdowns and shipping delays.
Covid 19
Corperations impact on the environment is known as...
Capitolscene
What are the economic consequences of Global monopolies
less competition/higher market control
How many bottles of specifically Fuji water were recalled by the FDA due to bacterial exposure?
2million
The COVID-19 pandemic revealed this major weakness in global supply chains when factories shut down and shipping stalled. They had the lack of ().
Resilience
🥳
free 100 points for this team yoohoo
Growth for the sake of growth is both the mentality of...
Caner Cell
Labor exploitation and inequality.