QUESTIONS AND WELL-ELABORATED
ANSWERS/NEW!!GUARANTEED
PASS!!EXAMS FOR NURSING
, Globalization – VERIFIED ANSWER -Worldwide interconnections in virtually every
sphere of activity, including the spread of products, technology, information, and job
opportunities. Globalization can result in blurred boundaries between nations, organizations, and
investors
trade - VERIFIED ANSWER -The action of buying and selling goods and services
capital - VERIFIED ANSWER -Financial assets such as funds but also equipment,
facilities, and other means of production
outsource - VERIFIED ANSWER -To obtain goods or services from an outside or
foreign supplier
non-governmental organizations (NGOs) - VERIFIED ANSWER- Not-for-profit
organizations that are independent of the government and are active in humanitarian causes
Which type of globalization refers to the international movement of goods, capital, and
services? - VERIFIED ANSWER -Economic
, patents - VERIFIED ANSWER -Protects inventions and improvements to existing
inventions for a limited period of time in exchange for detailed public disclosure of those
inventions
copyrights - VERIFIED ANSWER -A government authority or license giving the owner
of an invention the right to exclude others from making or selling the invention for a set period
of time
trademarks - VERIFIED ANSWER -Protection for any word, name, symbol, device, or
any combination used in commerce to identify and distinguish the goods of one manufacturer or
seller from goods manufactured or sold by others
assets - VERIFIED ANSWER -A useful or valuable thing; something you own such as
building, inventory, or cash
liabilities - VERIFIED ANSWER -Being responsible for a debt or financial obligation,
something you owe
financial instrument - VERIFIED ANSWER -A monetary contract between parties
, multinational firms - VERIFIED ANSWER -A large corporation incorporated in one
country which produces or sells goods or services in various countries
The 5 Stages of going Global - VERIFIED ANSWER -Stage 1 ~ Market Entry
Stage 2 ~ Product Specialization
Stage 3 ~ Value Chain Disaggregation
Stage 4 ~ Value Chain Reengineering
Stage 5 ~ Creation of New Markets
Economies of scale - VERIFIED ANSWER -A proportionate savings in costs gained by
an increased level of production
Economies of scope - VERIFIED ANSWER -To develop efficiencies in terms of
variety not volume
A CEO seeks to better use the economies of scale and scope of production to increase the
international company's profits.
Which type of globalization driver is the CEO seeking to use? - VERIFIED ANSWER -
Cost