2026 Latest Exam Actual Complete Real Questions
And Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! Newest Exam |
Just Released!!
Disadvantages of Economic globalization
benefits the rich at the expense of the poor, manufacturing job loss
in developed countries, environmental damage, and unethical
practices of labor
Advantages of Political globalization
more cooperation amount countries, formation of international or
regional organizations, NGOs
Disadvantages of Political globalization
reduce the importance of nation-states, loss of sovereignty and
power of local government
,Advantages of Cultural globalization
awareness of international community
Disadvantages of Cultural globalization
loss of uniqueness of a country's culture
What is international business?
any situation where the production or distribution of goods or
services crosses country borders
What are opportunities for international business?
New and large international markets offers possible more
revenues, lower costs, and access to advanced technology
What are challenges for international business?
Ethical business practice concerns, organizational structure (create
new division), public relations (build customer loyalty), leaderships,
and legal and regulatory structure
,What are the 5 stages of going global?
1. Market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
Market Entry
Companies enter new countries using business models similar to the
ones deployed in their home markets
Product specialization
Companies transfer the full production process of a particular
product line to a single, low-cost location and export the goods to
various consumer markets
, Value chain disaggregation
Companies disaggregate the production process and focus on
completing each activity in the most advantageous location
Value chain reengineering
Companies seek to further increase their cost savings by
reengineering their processes to suit local market conditions by
substituting lower cost labor for capital
Creation of new markets
creates new demand due to the reduction of ticket price
What are the 4 drivers of Globalization?
1. Market
2. Cost
3. Competition
4. Government