IBUS 300 Concept Check 1 (Ch. 1-4)
Exam With Complete Solutions
globalization
(book v. lecture) - ANSWER book: national economies are merging into an
interdependent integrated global economic system
lecture: broadening & deepening of interactions and interdependencies
between people and places around the world
broadening (& example) - ANSWER extension of economic & geographic
linkages to encompass virtually
ex) Alaska's first flight to Cuba
deepening (& example) - ANSWER in increase in frequency and intensity
of state and social interactions
ex) Selling more in Cuba
What is driving Globalization? (4) - ANSWER Factors driving _______:
---access to technology
---declining trade/investment barriers
-more companies participating in global commerce
-glob. of markets/production
What is contributing to Globalization? (3) - ANSWER Contributors to
________:
-demographics
-MNE
-world order (fall of communism)
, localization - ANSWER segmentation and contraction of the interactions
and interdependences among peoples and countries of the world
glocalization - ANSWER both forces of global. and localization are taking
place at same time
conducing business according to both local/global considerations
4 concepts to localizatoin - ANSWER 4 concepts to _____:
1. nationalism
2. cultural diversity & values
3. history & tradition
4. security concerns
Who invented the CAGE framework? - ANSWER Who invented the
________ framework?
Ghemawat
CAGE Framework
(& what is the goal of it?) - ANSWER what companies should address
when crafting international strategies
Cultural distance
Administrative distance
Geographic distance
Economic distance
protectionism - ANSWER the idea of keeping products local
globalization of markets (& example) - ANSWER merging of historically
distinct & separate national markets into one huge global marketplace
ex) Starbucks
globalization of production (& example) - ANSWER souring of
goods/services from locations around the globe to take advantage of
national differences in cost/quality of factors of production (labor, energy,
land, capital)
Exam With Complete Solutions
globalization
(book v. lecture) - ANSWER book: national economies are merging into an
interdependent integrated global economic system
lecture: broadening & deepening of interactions and interdependencies
between people and places around the world
broadening (& example) - ANSWER extension of economic & geographic
linkages to encompass virtually
ex) Alaska's first flight to Cuba
deepening (& example) - ANSWER in increase in frequency and intensity
of state and social interactions
ex) Selling more in Cuba
What is driving Globalization? (4) - ANSWER Factors driving _______:
---access to technology
---declining trade/investment barriers
-more companies participating in global commerce
-glob. of markets/production
What is contributing to Globalization? (3) - ANSWER Contributors to
________:
-demographics
-MNE
-world order (fall of communism)
, localization - ANSWER segmentation and contraction of the interactions
and interdependences among peoples and countries of the world
glocalization - ANSWER both forces of global. and localization are taking
place at same time
conducing business according to both local/global considerations
4 concepts to localizatoin - ANSWER 4 concepts to _____:
1. nationalism
2. cultural diversity & values
3. history & tradition
4. security concerns
Who invented the CAGE framework? - ANSWER Who invented the
________ framework?
Ghemawat
CAGE Framework
(& what is the goal of it?) - ANSWER what companies should address
when crafting international strategies
Cultural distance
Administrative distance
Geographic distance
Economic distance
protectionism - ANSWER the idea of keeping products local
globalization of markets (& example) - ANSWER merging of historically
distinct & separate national markets into one huge global marketplace
ex) Starbucks
globalization of production (& example) - ANSWER souring of
goods/services from locations around the globe to take advantage of
national differences in cost/quality of factors of production (labor, energy,
land, capital)
