WGU D080 Exam
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,Globalization
Worldwide interconnections in virtually every sphere of activity including the spread of
products, technology, information, and job opportunities. Globalization can result in
blurred boundaries between nations, organizations, and investors
trade
The action of buying and selling goods and services
capital
Financial assets such as funds but also equipment, facilities, and other means
of production
outsource
To obtain goods or services from an outside or foreign supplier
nongovernmental organizations (NGOs)
Not for profit organizations that are independent of the government and are active in
humanitarian causes
,Which type of globalization refers to the international movement of goods, capital, and
services?
Economic
patents
Protects inventions and improvements to existing inventions for a limited period of time in
exchange for detailed public disclosure of those inventions
copyrights
A government authority or license giving the owner of an invention the right to exclude
others from making or selling the invention for a set period of time
trademarks
Protection for any word, name, symbol, device, or any combination used in commerce to
identify and distinguish the goods of one manufacturer or seller from goods
manufactured or sold by others
assets
A useful or valuable thing; something you own such as building, inventory, or cash
liabilities
Being responsible for a debt or financial obligation, something you owe
financial instrument
A monetary contract between parties
, multinational firms
A large corporation incorporated in one country which produces or sells goods or
services in various countries
The 5 Stages of going Global
Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
Economies of scale
A proportionate savings in costs gained by an increased level of production
Economies of scope
To develop efficiencies in terms of variety not volume
A CEO seeks to better use the economies of scale and scope of production to increase
the international company's profits.
Which type of globalization driver is the CEO seeking to use?
Cost
Questions Verified and
Provided with A+
Graded Answers| Latest
Updated 2026
,Globalization
Worldwide interconnections in virtually every sphere of activity including the spread of
products, technology, information, and job opportunities. Globalization can result in
blurred boundaries between nations, organizations, and investors
trade
The action of buying and selling goods and services
capital
Financial assets such as funds but also equipment, facilities, and other means
of production
outsource
To obtain goods or services from an outside or foreign supplier
nongovernmental organizations (NGOs)
Not for profit organizations that are independent of the government and are active in
humanitarian causes
,Which type of globalization refers to the international movement of goods, capital, and
services?
Economic
patents
Protects inventions and improvements to existing inventions for a limited period of time in
exchange for detailed public disclosure of those inventions
copyrights
A government authority or license giving the owner of an invention the right to exclude
others from making or selling the invention for a set period of time
trademarks
Protection for any word, name, symbol, device, or any combination used in commerce to
identify and distinguish the goods of one manufacturer or seller from goods
manufactured or sold by others
assets
A useful or valuable thing; something you own such as building, inventory, or cash
liabilities
Being responsible for a debt or financial obligation, something you owe
financial instrument
A monetary contract between parties
, multinational firms
A large corporation incorporated in one country which produces or sells goods or
services in various countries
The 5 Stages of going Global
Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
Economies of scale
A proportionate savings in costs gained by an increased level of production
Economies of scope
To develop efficiencies in terms of variety not volume
A CEO seeks to better use the economies of scale and scope of production to increase
the international company's profits.
Which type of globalization driver is the CEO seeking to use?
Cost
