WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions, Answers & Exam Review
D080 WGU
Study online at https://quizlet.com/_ftqdd6
1. Two countries agree to open their borders to interna- It leads to developing free
tional business transactions with one another without trade policies with strate-
tariffs. gic partners.
How does this affect global business?
2. A country uses its established technology infrastruc- It creates barriers to entry
ture to produce a good. What is the impact of this for other nations.
infrastructure on trade?
3. What was the economic impact of the North American The shift of jobs away
Free Trade Agreement (NAFTA)? from low comparative ad-
vantage industries.
4. _________ is characterized by an increasing number Globalization
of worldwide connections, rapid and discontinuous
change, an increasing number of diverse participants,
and growing complexity.
5. ______ transcend borders to work on issues that affect NGO
people worldwide.
6. Stage 1 of going Global: Market entry
7. Stage 2 of going Global: Product specialization
8. Stage 3 of going Global: Value chain disaggrega-
tion
9. Stage 4 of going Global: Value chain reengineering
10. Stage 5 of going Global: Creation of new markets
11. In the first stage (market entry), companies enter new production presence
countries using business models similar to the ones
1/5
, WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions, Answers & Exam Review
D080 WGU
Study online at https://quizlet.com/_ftqdd6
deployed in their home markets. To gain access to
local customers, however, companies often need to es-
tablish a ________________, 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.
12. In the second stage (product specialization), compa- location
nies transfer the full production process of a particular
product to a single, low-cost ___________ and export the
goods to various consumer markets. In this scenario,
different locations begin to specialize in different prod-
ucts or components and trade in finished goods.
13. The third stage (value chain disaggregation) rep- advantageous location
resents the next step in the company's globaliza-
tion of the supply chain infrastructure. In this stage,
companies disaggregate the production process and
focus on completing each activity in the most
___________________. 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 deci-
sion by companies to offshore some of their business
processes and information technology services.2
14. In the fourth stage (value chain reengineering), com- local market conditions
panies seek to further increase their cost savings by
reengineering their processes to suit _________________
by substituting lower cost labor for capital. General
Electric's (GE) medical equipment division, for exam-
ple, has tailored its manufacturing processes abroad
2/5
D080 WGU
Study online at https://quizlet.com/_ftqdd6
1. Two countries agree to open their borders to interna- It leads to developing free
tional business transactions with one another without trade policies with strate-
tariffs. gic partners.
How does this affect global business?
2. A country uses its established technology infrastruc- It creates barriers to entry
ture to produce a good. What is the impact of this for other nations.
infrastructure on trade?
3. What was the economic impact of the North American The shift of jobs away
Free Trade Agreement (NAFTA)? from low comparative ad-
vantage industries.
4. _________ is characterized by an increasing number Globalization
of worldwide connections, rapid and discontinuous
change, an increasing number of diverse participants,
and growing complexity.
5. ______ transcend borders to work on issues that affect NGO
people worldwide.
6. Stage 1 of going Global: Market entry
7. Stage 2 of going Global: Product specialization
8. Stage 3 of going Global: Value chain disaggrega-
tion
9. Stage 4 of going Global: Value chain reengineering
10. Stage 5 of going Global: Creation of new markets
11. In the first stage (market entry), companies enter new production presence
countries using business models similar to the ones
1/5
, WGU D080 Managing in a Global Business Environment Complete Study Guide, Practice Questions, Answers & Exam Review
D080 WGU
Study online at https://quizlet.com/_ftqdd6
deployed in their home markets. To gain access to
local customers, however, companies often need to es-
tablish a ________________, 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.
12. In the second stage (product specialization), compa- location
nies transfer the full production process of a particular
product to a single, low-cost ___________ and export the
goods to various consumer markets. In this scenario,
different locations begin to specialize in different prod-
ucts or components and trade in finished goods.
13. The third stage (value chain disaggregation) rep- advantageous location
resents the next step in the company's globaliza-
tion of the supply chain infrastructure. In this stage,
companies disaggregate the production process and
focus on completing each activity in the most
___________________. 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 deci-
sion by companies to offshore some of their business
processes and information technology services.2
14. In the fourth stage (value chain reengineering), com- local market conditions
panies seek to further increase their cost savings by
reengineering their processes to suit _________________
by substituting lower cost labor for capital. General
Electric's (GE) medical equipment division, for exam-
ple, has tailored its manufacturing processes abroad
2/5
