WGU D080 | Questions with 100% Verified Answers | Latest
Update 2026/2027
Question: What is globalization?
Answer:
When international integration arises from the interchange of world views, products,
ideas, and other aspects of cultures.
Question: different types of Globalization
Answer:
1. Economic
2. Political
3. Cultural
Question: Advantages of Economic globalization
Answer:
more trade, investments, information technology, faster economic development, and
increased social being
Question: Disadvantages of Economic globalization
Answer:
benefits the rich at the expense of the poor, manufacturing job loss in developed
countries, environmental damage, and unethical practices of labor
Question: Advantages of Political globalization
Answer:
more cooperation amount countries, formation of international or regional organizations,
NGOs
Question: Disadvantages of Political globalization
Answer:
reduce the importance of nation-states, loss of sovereignty and power of local
government
Question: Advantages of Cultural globalization
Answer:
awareness of international community
,Question: Disadvantages of Cultural globalization
Answer:
loss of uniqueness of a country's culture
Question: What is international business?
Answer:
any situation where the production or distribution of goods or services crosses country
borders
Question: What are opportunities for international business?
Answer:
New and large international markets offers possible more revenues, lower costs, and
access to advanced technology
Question: What are challenges for international business?
Answer:
Ethical business practice concerns, organizational structure (create new division), public
relations (build customer loyalty), leaderships, and legal and regulatory structure
Question: What are the 5 stages of going global?
Answer:
1. Market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
Question: Market Entry
Answer:
Companies enter new countries using business models similar to the ones deployed in
their home markets
Question: Product specialization
Answer:
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
, Question: Value chain disaggregation
Answer:
Companies disaggregate the production process and focus on completing each activity
in the most advantageous location
Question: Value chain reengineering
Answer:
Companies seek to further increase their cost savings by reengineering their processes to
suit local market conditions by substituting lower cost labor for capital
Question: Creation of new markets
Answer:
creates new demand due to the reduction of ticket price
Question: What are the 4 drivers of Globalization?
Answer:
1. Market
2. Cost
3. Competition
4. Government
Question: Market
Answer:
Opportunity for scale and convergence of needs (foreign consumers have the same
demand as domestic consumer, no need to redesign)
Question: Cost
Answer:
- Economies of scale & scope: use same production facility for multiple procedures.
- Exploiting cost of factors of production: labor cost reductions, natural resources cost
reduction
Question: Competition
Answer:
New markets & increased levels of trade
Question: Government
Answer:
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))
Update 2026/2027
Question: What is globalization?
Answer:
When international integration arises from the interchange of world views, products,
ideas, and other aspects of cultures.
Question: different types of Globalization
Answer:
1. Economic
2. Political
3. Cultural
Question: Advantages of Economic globalization
Answer:
more trade, investments, information technology, faster economic development, and
increased social being
Question: Disadvantages of Economic globalization
Answer:
benefits the rich at the expense of the poor, manufacturing job loss in developed
countries, environmental damage, and unethical practices of labor
Question: Advantages of Political globalization
Answer:
more cooperation amount countries, formation of international or regional organizations,
NGOs
Question: Disadvantages of Political globalization
Answer:
reduce the importance of nation-states, loss of sovereignty and power of local
government
Question: Advantages of Cultural globalization
Answer:
awareness of international community
,Question: Disadvantages of Cultural globalization
Answer:
loss of uniqueness of a country's culture
Question: What is international business?
Answer:
any situation where the production or distribution of goods or services crosses country
borders
Question: What are opportunities for international business?
Answer:
New and large international markets offers possible more revenues, lower costs, and
access to advanced technology
Question: What are challenges for international business?
Answer:
Ethical business practice concerns, organizational structure (create new division), public
relations (build customer loyalty), leaderships, and legal and regulatory structure
Question: What are the 5 stages of going global?
Answer:
1. Market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
Question: Market Entry
Answer:
Companies enter new countries using business models similar to the ones deployed in
their home markets
Question: Product specialization
Answer:
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
, Question: Value chain disaggregation
Answer:
Companies disaggregate the production process and focus on completing each activity
in the most advantageous location
Question: Value chain reengineering
Answer:
Companies seek to further increase their cost savings by reengineering their processes to
suit local market conditions by substituting lower cost labor for capital
Question: Creation of new markets
Answer:
creates new demand due to the reduction of ticket price
Question: What are the 4 drivers of Globalization?
Answer:
1. Market
2. Cost
3. Competition
4. Government
Question: Market
Answer:
Opportunity for scale and convergence of needs (foreign consumers have the same
demand as domestic consumer, no need to redesign)
Question: Cost
Answer:
- Economies of scale & scope: use same production facility for multiple procedures.
- Exploiting cost of factors of production: labor cost reductions, natural resources cost
reduction
Question: Competition
Answer:
New markets & increased levels of trade
Question: Government
Answer:
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))
