D080 study for OA Questions And Answers

What is globalization? - Answer- as international integration arising from the exchange of world views, products, ideas, and other aspects of culture. What is Culture Globalization? - Answer- refers to the transmission of ideas, meanings, and values around the world in such a way that extends and intensifies social relations. What is Political Globalization? - Answer- Refers to the emergence of an increasing number of global institutions such as the growth of both intergovernmental organizations and nongovernmental organizations What is Economic Globalization? - Answer- A process of increasing cross-border flows of capital, goods, services, and people What is International Business? - Answer- the buying, selling, and trading of goods and services across national boundaries What is intellectual property? - Answer- a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc. What is the FIRST stage of going global? - Answer- Market entry- companies enter new countries using business models similar to the ones deployed in their home markets. To gain access to local customers, however, companies often need to establish a production presence, either because of the nature of their businesses, such as in-service industries like food, retail, or banking, or because of local countries' regulatory restrictions, such as in the auto industry. What is the SECOND stage of going global? - Answer- Product Specialization- companies transfer the full production process of a particular product to a single, low-cost location and export the goods to various consumer markets. In this scenario, different locations begin to specialize in different products or components and trade in finished goods. What is the THIRD stage of going global? - Answer- value chain disaggregation- represents the next step in the company's globalization of the supply chain infrastructure. In this stage, companies disaggregate the production process and focus on completing each activity in the most advantageous location. Individual components of a single product might be manufactured in several different places and assembled into final products elsewhere. Examples include the PC industry market and the decision by companies to offshore some of their business processes and information technology services.2 What is the FOURT