D080 STUDY FOR OA EXAM
QUESTIONS & ELABORATED
CORRECT ANSWERS RATED 100%
COMPLETE
What is globalization? - Correct Answer as international integration arising from the exchange of
world views, products, ideas, and other aspects of culture.
What is Culture Globalization? - Correct 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? - Correct 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? - Correct Answer A process of increasing cross-border flows of
capital, goods, services, and people
What is International Business? - Correct Answer the buying, selling, and trading of goods and
services across national boundaries
What is intellectual property? - Correct 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? - Correct 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? - Correct 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? - Correct 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 FOURTH stage of going global? - Correct Answer Value chain reengineering-
companies seek to further increase their cost savings by reengineering their processes to suit
local market conditions by substituting lower cost labor for capital. General Electric's (GE)
medical equipment division, for example, has tailored its manufacturing processes abroad to
take advantage of low labor costs. Not only does it use more labor-intensive production
processes, but it also designs and builds the capital equipment for its local plants
What is the FIFTH stage of going global? - Correct Answer creation of new markets- the focus is
on market expansion. This allows companies to substantially lower their sticker prices in both
old and new markets and to expand demand. Significantly, the value of new revenues generated
in this last stage is often greater than the value of cost savings in the other stages.
What are Globalization drivers? - Correct Answer *Market
*Cost
*Competition
*Government
What is a market globalization driver? - Correct Answer Opportunity for scale
Convergence of needs
What is a cost globalization driver? - Correct Answer Deals with economies of scale and scope,
Exploiting cost of factors of production
What is a competitive driver in globalization? - Correct Answer new markets
increase levels of trade
What is a government driver in globalization? - Correct Answer favorable policies
support for industry
What is economies of scale? - Correct Answer when the average cost of producing a good or
service falls as the quantity produced increases
What is economies of scope? - Correct Answer -Lowering the initial price of production
, -Multi-product production
What are some issues that can arise when a company moves to another country? - Correct
Answer Ethical issues, governmental policies, and economic restrictions are all likely when a
company moves into an unfamiliar global space. A multinational company may also face
infrastructural and technological challenges in a developing country.
What is Anarchism? - Correct Answer which contends that individuals should control political
activities, and public government is both unnecessary and unwanted.
What is Totalarianism? - Correct Answer which contends that every aspect of an individual's life
should be controlled and dictated by a strong central government.
What is Pluralism? - Correct Answer which asserts that both public and private groups are
essential in a well-functioning political system. Although most countries are pluralistic politically,
they may lean more to one extreme than to the other.
What is a Authoritarian government? - Correct Answer centralize all control in the hands of one
strong leader or a strong small group of leaders who have full authority. These leaders are not
democratically elected and are not politically, economically, or socially accountable to the
people in the country.
What is a Monarchy? - Correct Answer A single person rules until he or she dies or abdicates the
throne.
Power can vary by type: absolute, constitutional, or a mix of both.
What is Oligarchy? - Correct Answer A small, elite group holds power
Status not achieved through noble ancestry
What is dictatorship? - Correct Answer A single person (or a very small group of people) holds
power.
Wields complete and absolute authority over a government and population.
What is a democracy? - Correct Answer Citizens organize political parties and elect leaders
Leaders power organized through constitution and term limits
What government do other countries favor in terms of having a high success rate? - Correct
Answer Authoritarian
What are the classifications of economic growth in countries? - Correct Answer industrialized,
developing, and less-developed nations.
QUESTIONS & ELABORATED
CORRECT ANSWERS RATED 100%
COMPLETE
What is globalization? - Correct Answer as international integration arising from the exchange of
world views, products, ideas, and other aspects of culture.
What is Culture Globalization? - Correct 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? - Correct 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? - Correct Answer A process of increasing cross-border flows of
capital, goods, services, and people
What is International Business? - Correct Answer the buying, selling, and trading of goods and
services across national boundaries
What is intellectual property? - Correct 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? - Correct 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? - Correct 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? - Correct 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 FOURTH stage of going global? - Correct Answer Value chain reengineering-
companies seek to further increase their cost savings by reengineering their processes to suit
local market conditions by substituting lower cost labor for capital. General Electric's (GE)
medical equipment division, for example, has tailored its manufacturing processes abroad to
take advantage of low labor costs. Not only does it use more labor-intensive production
processes, but it also designs and builds the capital equipment for its local plants
What is the FIFTH stage of going global? - Correct Answer creation of new markets- the focus is
on market expansion. This allows companies to substantially lower their sticker prices in both
old and new markets and to expand demand. Significantly, the value of new revenues generated
in this last stage is often greater than the value of cost savings in the other stages.
What are Globalization drivers? - Correct Answer *Market
*Cost
*Competition
*Government
What is a market globalization driver? - Correct Answer Opportunity for scale
Convergence of needs
What is a cost globalization driver? - Correct Answer Deals with economies of scale and scope,
Exploiting cost of factors of production
What is a competitive driver in globalization? - Correct Answer new markets
increase levels of trade
What is a government driver in globalization? - Correct Answer favorable policies
support for industry
What is economies of scale? - Correct Answer when the average cost of producing a good or
service falls as the quantity produced increases
What is economies of scope? - Correct Answer -Lowering the initial price of production
, -Multi-product production
What are some issues that can arise when a company moves to another country? - Correct
Answer Ethical issues, governmental policies, and economic restrictions are all likely when a
company moves into an unfamiliar global space. A multinational company may also face
infrastructural and technological challenges in a developing country.
What is Anarchism? - Correct Answer which contends that individuals should control political
activities, and public government is both unnecessary and unwanted.
What is Totalarianism? - Correct Answer which contends that every aspect of an individual's life
should be controlled and dictated by a strong central government.
What is Pluralism? - Correct Answer which asserts that both public and private groups are
essential in a well-functioning political system. Although most countries are pluralistic politically,
they may lean more to one extreme than to the other.
What is a Authoritarian government? - Correct Answer centralize all control in the hands of one
strong leader or a strong small group of leaders who have full authority. These leaders are not
democratically elected and are not politically, economically, or socially accountable to the
people in the country.
What is a Monarchy? - Correct Answer A single person rules until he or she dies or abdicates the
throne.
Power can vary by type: absolute, constitutional, or a mix of both.
What is Oligarchy? - Correct Answer A small, elite group holds power
Status not achieved through noble ancestry
What is dictatorship? - Correct Answer A single person (or a very small group of people) holds
power.
Wields complete and absolute authority over a government and population.
What is a democracy? - Correct Answer Citizens organize political parties and elect leaders
Leaders power organized through constitution and term limits
What government do other countries favor in terms of having a high success rate? - Correct
Answer Authoritarian
What are the classifications of economic growth in countries? - Correct Answer industrialized,
developing, and less-developed nations.
