WGU C211 - Global Economics for Managers Questions and Correct Answers

WGU C211 - Global Economics for Managers Questions and Correct Answers Views on Globalization - Correct Answer New, Evolutionary, and Pendulum "New" view on globalization - Correct Answer A force sweeping through the world in recent times. "Evolutionary" view on globalization - Correct Answer A long-run historical evolution since the dawn of human history "Pendulum" view on globalization - Correct Answer One that swings from one extreme to another from time to time Foreign Direct Investment - Correct Answer Direct investment in, control, and management of value-added activities in other countries Political views on FDI - Correct Answer Radical View, Free Market View, Pragmatic Nationalism Benefits to a country receiving FDI - Correct Answer Capital Inflow, Technology Spillover, Advanced Management Know-How, Job creation Costs to a country receiving FDI - Correct Answer Loss of Sovereignty, Adverse effects on competition, Capital outflow. How do resources and capabilities influence the competitive dynamics of a business? - Correct Answer Resource similarity and market commonality can yield a powerful framework for competitor analysis. Resource similarity - Correct Answer The extent to which a given competitor possesses strategic endowment comparable, in terms of both type and amount, to those of the focal firm. How does resource similarity impact competitive dynamics? - Correct Answer Firms with a high degree are likely to have similar competitive actions. (Starbuck's instant coffee & McDonald's iced coffee) Classical theories of international trade - Correct Answer Mercantilism, Absolute advantage, and Comparative advantage Modern theory view - Correct Answer Dynamic