WGU C211 Study Guide Questions and Answers Rated A+ Latest 2023
Views of globalization (Chp 1.4) - correct answer 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking - correct answer Location specific advantage = Possession of natural resources and related transport and communication infrastructure Strategic goal = Market-seeking - correct answer Location specific advantage = Abundance of strong market demand and customers willing to pay Strategic goal = Efficiency-seeking - correct answer Location specific advantage = Economies of scale and abundance of low-cost factors Strategic goal = Innovation-seeking - correct answer Location specific advantage = Abundance of innovative individuals, firms, and universities Name first mover advantages: (Chp 10.3) - correct answer 1. Proprietary, technological leadership 2. Pre-emption of scarce resources 3. Establishment of entry barriers for late entrants 4. Avoidance of clash with dominant firms at home 5. Relationships with key stakeholders such as governments
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