Over several decades, some industries, such as textile and clothing, which were once a significant part of the U.S. economy, have shifted manufacturing abroad. Using the idea of opportunity cost, provide an explanation of the reasoning behind this shift. How has this shift affected economic well-being locally? How do the gains compare to the losses?
Unit 3 GSM
See attached Unit III Assignment This four-page assignment measures your mastery of ULOs 1.1, 1.2, 1.3, 2.1, 2.2, 2.3, 3.1, and 3.2. In Unit II you selected a firm (Johnson & Johnson) with global operations and discussed the key points from its global strategy and your perceptions of the firm.