WGU D080 MANAGING IN A GLOBAL
BUSINESS ENVIRONMENT UPDATED
ACTUAL QUESTIONS AND CORRECT
ANSWERS GRADED A+
◉ different types of Globalization
Answer: 1. Economic
2. Political
3. Cultural
◉ Advantages of Economic globalization
Answer: more trade, investments, information technology, faster
economic development, and increased social being
◉ Disadvantages of Economic globalization
Answer: benefits the rich at the expense of the poor,
manufacturing job loss in developed countries, environmental
damage, and unethical practices of labor
◉ Advantages of Political globalization
Answer: more cooperation amount countries, formation of
international or regional organizations, NGOs
,◉ Disadvantages of Political globalization
Answer: reduce the importance of nation-states, loss of
sovereignty and power of local government
◉ Advantages of Cultural globalization
Answer: awareness of international community
◉ Disadvantages of Cultural globalization
Answer: loss of uniqueness of a country's culture
◉ What is international business?
Answer: any situation where the production or distribution of
goods or services crosses country borders
◉ What are opportunities for international business?
Answer: New and large international markets offers possible
more revenues, lower costs, and access to advanced technology
◉ What are challenges for international business?
Answer: Ethical business practice concerns, organizational
structure (create new division), public relations (build customer
loyalty), leaderships, and legal and regulatory structure
◉ What are the 5 stages of going global?
Answer: 1. Market entry
, 2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
◉ Market Entry
Answer: Companies enter new countries using business models
similar to the ones deployed in their home markets
◉ Product specialization
Answer: Companies transfer the full production process of a
particular product line to a single, low-cost location and export
the goods to various consumer markets
◉ Value chain disaggregation
Answer: Companies disaggregate the production process and
focus on completing each activity in the most advantageous
location
◉ Value chain reengineering
Answer: Companies seek to further increase their cost savings by
reengineering their processes to suit local market conditions by
substituting lower cost labor for capital
◉ Creation of new markets
BUSINESS ENVIRONMENT UPDATED
ACTUAL QUESTIONS AND CORRECT
ANSWERS GRADED A+
◉ different types of Globalization
Answer: 1. Economic
2. Political
3. Cultural
◉ Advantages of Economic globalization
Answer: more trade, investments, information technology, faster
economic development, and increased social being
◉ Disadvantages of Economic globalization
Answer: benefits the rich at the expense of the poor,
manufacturing job loss in developed countries, environmental
damage, and unethical practices of labor
◉ Advantages of Political globalization
Answer: more cooperation amount countries, formation of
international or regional organizations, NGOs
,◉ Disadvantages of Political globalization
Answer: reduce the importance of nation-states, loss of
sovereignty and power of local government
◉ Advantages of Cultural globalization
Answer: awareness of international community
◉ Disadvantages of Cultural globalization
Answer: loss of uniqueness of a country's culture
◉ What is international business?
Answer: any situation where the production or distribution of
goods or services crosses country borders
◉ What are opportunities for international business?
Answer: New and large international markets offers possible
more revenues, lower costs, and access to advanced technology
◉ What are challenges for international business?
Answer: Ethical business practice concerns, organizational
structure (create new division), public relations (build customer
loyalty), leaderships, and legal and regulatory structure
◉ What are the 5 stages of going global?
Answer: 1. Market entry
, 2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
◉ Market Entry
Answer: Companies enter new countries using business models
similar to the ones deployed in their home markets
◉ Product specialization
Answer: Companies transfer the full production process of a
particular product line to a single, low-cost location and export
the goods to various consumer markets
◉ Value chain disaggregation
Answer: Companies disaggregate the production process and
focus on completing each activity in the most advantageous
location
◉ Value chain reengineering
Answer: Companies seek to further increase their cost savings by
reengineering their processes to suit local market conditions by
substituting lower cost labor for capital
◉ Creation of new markets
