WGU D080 Study Guide for OA | Latest 2023/24 | Updated & Verified | Guaranteed Success | 33 Pages

What is globalization? - as international integration arising from the exchange of world views, products, ideas, and other aspects of culture. What is Culture Globalization? - 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? - 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? - A process of increasing cross-border flows of capital, goods, services, and people What is International Business? - the buying, selling, and trading of goods and services across national boundaries What is intellectual property? - 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? - 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? -