WGU D080 Managing in a Global Business
Environment WITH CORRECT SOLUTIONS.
,
,The key element of globalization is interdependence and interconnectedness
among companies and countries around the globe. Globalism is
characterized by an increasing number of worldwide connections, rapid and
discontinuous change, an increasing number of diverse participants, and
growing complexity. - correct ans:What is globalization?
economic: developed economies integrating with developing countries
through foreign direct investment, lowering the costs of doing business,
reducing trade barriers, and, in many cases, increasing cross-border
migration.
political: globalization may ultimately reduce the importance of nation-
states.
cultural: The spread of culture has added to processes such as commodity
exchange and colonization, which have a more extended history of carrying
cultural meaning around the globe. The circulation of cultures enables
individuals to partake in extended social relations that cross national and
regional borders. - correct ans:What are the economic, political, and cultural
effects of globalization?
any nonprofit, voluntary citizens' groups that are organized on a local,
national, or international level - correct ans:What is nongovernmental
organization and how does it impact government public policy across
national boundaries?
International business encompasses a full range of cross-border exchanges
of goods, services, or resources across two or more nations. These
exchanges can go beyond the exchange of money for physical goods to
include international transfers of other resources such as people; intellectual
property such as patents, copyrights, brand trademarks, and data; and
contractual assets or liabilities. Such assets or liabilities include the right to
use some foreign asset, provide some future service to overseas customers,
or execute a complex financial instrument. The entities involved in
international business range from large multinational firms with thousands of
employees doing business in many countries to a small one-person company
acting as an importer or exporter. This broader definition of international
business also encompasses for-profit, border-crossing transactions as well as
, transactions motivated by nonfinancial g - correct ans:What are the features
of international business?
- Exporting
- franchising
- joint ventures
- home-owned affiliates
- fully global ventures - correct ans:What are the different forms of
international business? Explain each form.
1. market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets - correct ans:What are the 5 stages of entering a
global market? Explain each stage
market, cost, competition, government - correct ans:What are the 4 drivers
of globalization? Explain
unsaturated demand for new products, lower labor costs, less expensive
natural resources, and other inputs to products. - correct ans:What are the
benefits and costs of global expansion from MNCs' perspective?
1.0: the first stage of globalism and is pushed forward by nationalism and
religion.
2.0: the second stage of globalization and is characterized by advances in
methods of transportation.
Environment WITH CORRECT SOLUTIONS.
,
,The key element of globalization is interdependence and interconnectedness
among companies and countries around the globe. Globalism is
characterized by an increasing number of worldwide connections, rapid and
discontinuous change, an increasing number of diverse participants, and
growing complexity. - correct ans:What is globalization?
economic: developed economies integrating with developing countries
through foreign direct investment, lowering the costs of doing business,
reducing trade barriers, and, in many cases, increasing cross-border
migration.
political: globalization may ultimately reduce the importance of nation-
states.
cultural: The spread of culture has added to processes such as commodity
exchange and colonization, which have a more extended history of carrying
cultural meaning around the globe. The circulation of cultures enables
individuals to partake in extended social relations that cross national and
regional borders. - correct ans:What are the economic, political, and cultural
effects of globalization?
any nonprofit, voluntary citizens' groups that are organized on a local,
national, or international level - correct ans:What is nongovernmental
organization and how does it impact government public policy across
national boundaries?
International business encompasses a full range of cross-border exchanges
of goods, services, or resources across two or more nations. These
exchanges can go beyond the exchange of money for physical goods to
include international transfers of other resources such as people; intellectual
property such as patents, copyrights, brand trademarks, and data; and
contractual assets or liabilities. Such assets or liabilities include the right to
use some foreign asset, provide some future service to overseas customers,
or execute a complex financial instrument. The entities involved in
international business range from large multinational firms with thousands of
employees doing business in many countries to a small one-person company
acting as an importer or exporter. This broader definition of international
business also encompasses for-profit, border-crossing transactions as well as
, transactions motivated by nonfinancial g - correct ans:What are the features
of international business?
- Exporting
- franchising
- joint ventures
- home-owned affiliates
- fully global ventures - correct ans:What are the different forms of
international business? Explain each form.
1. market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets - correct ans:What are the 5 stages of entering a
global market? Explain each stage
market, cost, competition, government - correct ans:What are the 4 drivers
of globalization? Explain
unsaturated demand for new products, lower labor costs, less expensive
natural resources, and other inputs to products. - correct ans:What are the
benefits and costs of global expansion from MNCs' perspective?
1.0: the first stage of globalism and is pushed forward by nationalism and
religion.
2.0: the second stage of globalization and is characterized by advances in
methods of transportation.
