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WGU D080 Study Guide For Pa With 100% Complete Solution

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WGU D080 Study Guide For Pa With 100% Complete Solution

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WGU D080 Study Guide For Pa With 100%
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where companies can benefit from the transfer of goods.

, creation of new markets- the focus is on market expansion. This allows companies
to substantially lower their sticker prices in both old and new markets and to
expand demand. Significantly, the value of new revenues generated in this last stage
is often greater than the value of cost savings in the other stages.




The obstacle that make it difficult for a new company to enter a given market.
These barriers may include technology challenges, high start-up costs, or
government regulations.




is a limit on the number of specific goods that may enter a country during a certain
period. Once the quota has been filled, no other goods may be imported into that
country.


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2 of 215

Term



What government do other countries favor in terms of having a high
success rate?



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Democratic Laissez-faire




Authoritarian Fascist


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Term



What are the disadvantages of a traditional economy?



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When the company believes that the employees have successfully passed the
"survival training" stage, it is time for field simulation training.




agriculture remains the common industry. Subsistence Farming is common and
poverty is extremely high. Latin America, Asia and Africa are very high in
underdeveloped countries




It is at the mercy of the climate.
There is a lower standard of living.
It is vulnerable to a more efficient market or to command economies




based on the primary functions performed within an organizational unit (e.g.,
marketing, finance, production, sales).


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What is the purpose of the IMF?



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also known as make-to-stock strategy, is the practice of producing high volumes of
identical goods at a cost low enough to price them for large numbers of customers.
Goods are made in anticipation of future demand (based on forecasts) and kept in
inventory for later sale. This approach is particularly appropriate for standardized
goods.




The simplest way for a company to protect its intellectual property is to never reveal
it—to create what is called a trade secret. This is how Coca-Cola protects the
formula for its hugely popular soda. If the secret were discovered or revealed
through nefarious intent, then trade secrets law would allow punishment of the
perpetrator, including criminal prosecution. But if a company somehow developed
the same formula on its own, Coca-Cola could do nothing to stop them. Therefore,
companies opt for other IP protections—namely, patents and copyrights.




National and local governments often compete with one another to attract MNC
facilities with the expectation of increased tax revenue, employment, and economic
activity. To compete, political entities may offer MNCs incentives such as tax breaks,
pledges of governmental assistance or subsidized infrastructure, or lax
environmental or labor regulations.2


Multinational corporations play an important role in the world economy through the
process of economic globalization; or, the increasing economic interdependence
of national economies across the world through a rapid increase in cross-border
movement of goods, services, technology, and capital.

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