MDSE 2750 Ch. 1-4 Exam Questions and Answers Graded A+
Globalization - Answers a process by which the people of the world are unified into a single
society influenced by a combination of economic, technological, socio-cultural and political
forces
Term that often misleads the meaning of globalization - Answers Americanization
Americanization - Answers the term used for the influence the United States of America has on
the culture of other countries, substituting their culture with American culture
4 factors leading to the growth of globalization - Answers -technological developments
-rising incomes
-liberalization of cross-border movements
-cooperation among countries
Liberalization of cross-border movements - Answers Liberalization of cross-border movements
allow companies to take advantage of international opportunities because governments believe
that
(1) open economies will give consumers better access to a greater variety of goods and
services at lower prices,
(2) producers will become more efficient by competing against foreign companies,
(3) if they reduce their own restrictions, other countries will do the same
Cooperation among countries - Answers Through the cooperation, countries attempt (1) to gain
reciprocal advantages,
(2) to attack problems they cannot solve alone,
(3) to deal with concerns that lie outside anyone's territory
10 forces that make a flattened world, aka globalization - Answers 1) Collapse of Berlin Wall
2) Netscape
3) Workflow software
4) Open sourcing
5) Outsourcing
6) Offshoring
, 7) Supply chaining
8) Insourcing
9) In-forming
10) The Steroids
Other 3 major drivers of business globalization - Answers -information technology
-global tourism
-global teenagers
Challenges of Globalization - Answers Countries face challenges when they try to maximize
positive effects of globalization on productivity, consumption, employment, the environment,
monetary and fiscal conditions, and sovereignty while minimizing negative ones
Opportunities of Globalization - Answers (1) the demand for a country's product is no longer
constrained by its own markets,
(2) a country's investment is no longer constrained by what it can save itself,
(3) a country's producers can have access (at a price) to the most advanced technology.
4 factors to be globally aware - Answers To be globally aware is to have
(1) tolerance of cultural differences and accepting and working with others whose behaviors
may be different from yours,
(2) knowledge of cultures for understanding consumer behavior in the marketplace,
(3) knowledge of history for understanding the way people think and act in the market,
(4) knowledge of world market potential, and global economic, social, and political trends are
needed because a country's prospects can change as these trends shift direction or accelerate
Globalization - Answers refers to an acceptance and/or integration of concepts or practice on a
global scale. It includes two aspects: interdependence and technology transformation.
Americanization - Answers describes the movement during the first quarter of the 20th century
where by the immigrant in the United States was induced to assimilate American speech, ideals,
traditions and way of life.
Globalization of market - Answers moving away from an economic system in which nation
markets are distinct entities, isolated by trade barriers and barriers of distance, time, and culture
and toward a system in which national markets are emerging into one global market
Globalization - Answers a process by which the people of the world are unified into a single
society influenced by a combination of economic, technological, socio-cultural and political
forces
Term that often misleads the meaning of globalization - Answers Americanization
Americanization - Answers the term used for the influence the United States of America has on
the culture of other countries, substituting their culture with American culture
4 factors leading to the growth of globalization - Answers -technological developments
-rising incomes
-liberalization of cross-border movements
-cooperation among countries
Liberalization of cross-border movements - Answers Liberalization of cross-border movements
allow companies to take advantage of international opportunities because governments believe
that
(1) open economies will give consumers better access to a greater variety of goods and
services at lower prices,
(2) producers will become more efficient by competing against foreign companies,
(3) if they reduce their own restrictions, other countries will do the same
Cooperation among countries - Answers Through the cooperation, countries attempt (1) to gain
reciprocal advantages,
(2) to attack problems they cannot solve alone,
(3) to deal with concerns that lie outside anyone's territory
10 forces that make a flattened world, aka globalization - Answers 1) Collapse of Berlin Wall
2) Netscape
3) Workflow software
4) Open sourcing
5) Outsourcing
6) Offshoring
, 7) Supply chaining
8) Insourcing
9) In-forming
10) The Steroids
Other 3 major drivers of business globalization - Answers -information technology
-global tourism
-global teenagers
Challenges of Globalization - Answers Countries face challenges when they try to maximize
positive effects of globalization on productivity, consumption, employment, the environment,
monetary and fiscal conditions, and sovereignty while minimizing negative ones
Opportunities of Globalization - Answers (1) the demand for a country's product is no longer
constrained by its own markets,
(2) a country's investment is no longer constrained by what it can save itself,
(3) a country's producers can have access (at a price) to the most advanced technology.
4 factors to be globally aware - Answers To be globally aware is to have
(1) tolerance of cultural differences and accepting and working with others whose behaviors
may be different from yours,
(2) knowledge of cultures for understanding consumer behavior in the marketplace,
(3) knowledge of history for understanding the way people think and act in the market,
(4) knowledge of world market potential, and global economic, social, and political trends are
needed because a country's prospects can change as these trends shift direction or accelerate
Globalization - Answers refers to an acceptance and/or integration of concepts or practice on a
global scale. It includes two aspects: interdependence and technology transformation.
Americanization - Answers describes the movement during the first quarter of the 20th century
where by the immigrant in the United States was induced to assimilate American speech, ideals,
traditions and way of life.
Globalization of market - Answers moving away from an economic system in which nation
markets are distinct entities, isolated by trade barriers and barriers of distance, time, and culture
and toward a system in which national markets are emerging into one global market
