WGU D080
Study online at https://quizlet.com/_a38c9w
1. What is globaliza- When international integration arises from the interchange of world views, prod-
tion? ucts, ideas, and other aspects of cultures.
2. different types of 1. Economic
Globalization 2. Political
3. Cultural
3. Advantages of more trade, investments, information technology, faster economic development,
Economic global- and increased social being
ization
4. Disadvantages of benefits the rich at the expense of the poor, manufacturing job loss in developed
Economic global- countries, environmental damage, and unethical practices of labor
ization
5. Advantages of more cooperation amount countries, formation of international or regional orga-
Political global- nizations, NGOs
ization
6. Disadvantages of reduce the importance of nation-states, loss of sovereignty and power of local
Political global- government
ization
7. Advantages of awareness of international community
Cultural global-
ization
8. Disadvantages of loss of uniqueness of a country's culture
Cultural global-
ization
9. What is interna- any situation where the production or distribution of goods or services crosses
tional business? country borders
, WGU D080
Study online at https://quizlet.com/_a38c9w
10. What are oppor- New and large international markets offers possible more revenues, lower costs,
tunities for in- and access to advanced technology
ternational busi-
ness?
11. What are chal- Ethical business practice concerns, organizational structure (create new division),
lenges for in- public relations (build customer loyalty), leaderships, and legal and regulatory
ternational busi- structure
ness?
12. What are the 5 1. Market entry
stages of going 2. product specialization
global? 3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
13. Market Entry Companies enter new countries using business models similar to the ones de-
ployed in their home markets
14. Product special- Companies transfer the full production process of a particular product line to a
ization single, low-cost location and export the goods to various consumer markets
15. Value chain dis- Companies disaggregate the production process and focus on completing each
aggregation activity in the most advantageous location
16. Value chain Companies seek to further increase their cost savings by reengineering their
reengineering processes to suit local market conditions by substituting lower cost labor for
capital
17. Creation of new creates new demand due to the reduction of ticket price
markets
18. 1. Market
2. Cost
, WGU D080
Study online at https://quizlet.com/_a38c9w
What are the 4 3. Competition
drivers of Global- 4. Government
ization?
19. Market Opportunity for scale and convergence of needs (foreign consumers have the
same demand as domestic consumer, no need to redesign)
20. Cost - Economies of scale & scope: use same production facility for multiple proce-
dures.
- Exploiting cost of factors of production: labor cost reductions, natural resources
cost reduction
21. Competition New markets & increased levels of trade
22. Government Favorable policies, support for the industry ((can use tax bracket to attract FDI and
subsidies (free money) can help domestic business reduce cost and charge lower
price))
23. What did Thomas The world is flat view - the use of technology and internet has made it easier for
Friedman pro- businesses to conduct global operation
pose?
24. What did Ghe- The world is a multi-domestic world
mawat propose?
25. What is CAGE Culture, Administration, Geography, and Economics
analysis?
26. Culture (CAGE) Cultural difference could reduce country's trade volume
27. Administration Administrative similar countries trade more, countries hold membership of the
(CAGE) same trade
28. geographical distance between countries impact trade volume
Study online at https://quizlet.com/_a38c9w
1. What is globaliza- When international integration arises from the interchange of world views, prod-
tion? ucts, ideas, and other aspects of cultures.
2. different types of 1. Economic
Globalization 2. Political
3. Cultural
3. Advantages of more trade, investments, information technology, faster economic development,
Economic global- and increased social being
ization
4. Disadvantages of benefits the rich at the expense of the poor, manufacturing job loss in developed
Economic global- countries, environmental damage, and unethical practices of labor
ization
5. Advantages of more cooperation amount countries, formation of international or regional orga-
Political global- nizations, NGOs
ization
6. Disadvantages of reduce the importance of nation-states, loss of sovereignty and power of local
Political global- government
ization
7. Advantages of awareness of international community
Cultural global-
ization
8. Disadvantages of loss of uniqueness of a country's culture
Cultural global-
ization
9. What is interna- any situation where the production or distribution of goods or services crosses
tional business? country borders
, WGU D080
Study online at https://quizlet.com/_a38c9w
10. What are oppor- New and large international markets offers possible more revenues, lower costs,
tunities for in- and access to advanced technology
ternational busi-
ness?
11. What are chal- Ethical business practice concerns, organizational structure (create new division),
lenges for in- public relations (build customer loyalty), leaderships, and legal and regulatory
ternational busi- structure
ness?
12. What are the 5 1. Market entry
stages of going 2. product specialization
global? 3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
13. Market Entry Companies enter new countries using business models similar to the ones de-
ployed in their home markets
14. Product special- Companies transfer the full production process of a particular product line to a
ization single, low-cost location and export the goods to various consumer markets
15. Value chain dis- Companies disaggregate the production process and focus on completing each
aggregation activity in the most advantageous location
16. Value chain Companies seek to further increase their cost savings by reengineering their
reengineering processes to suit local market conditions by substituting lower cost labor for
capital
17. Creation of new creates new demand due to the reduction of ticket price
markets
18. 1. Market
2. Cost
, WGU D080
Study online at https://quizlet.com/_a38c9w
What are the 4 3. Competition
drivers of Global- 4. Government
ization?
19. Market Opportunity for scale and convergence of needs (foreign consumers have the
same demand as domestic consumer, no need to redesign)
20. Cost - Economies of scale & scope: use same production facility for multiple proce-
dures.
- Exploiting cost of factors of production: labor cost reductions, natural resources
cost reduction
21. Competition New markets & increased levels of trade
22. Government Favorable policies, support for the industry ((can use tax bracket to attract FDI and
subsidies (free money) can help domestic business reduce cost and charge lower
price))
23. What did Thomas The world is flat view - the use of technology and internet has made it easier for
Friedman pro- businesses to conduct global operation
pose?
24. What did Ghe- The world is a multi-domestic world
mawat propose?
25. What is CAGE Culture, Administration, Geography, and Economics
analysis?
26. Culture (CAGE) Cultural difference could reduce country's trade volume
27. Administration Administrative similar countries trade more, countries hold membership of the
(CAGE) same trade
28. geographical distance between countries impact trade volume
