WPC 480 Chapter 10 Exam With Complete Solutions

WPC 480 Chapter 10 Exam With Complete Solutions The process of closer integration and exchange between different countries and peoples worldwide, made possible by falling trade and investment barriers, advances in telecommunications, and reductions in transportation costs. - answerGlobalization A company that deploys resources and capabilities in the procurement, production, and distribution of goods and services in at least two countries. - answerMultinational enterprise (MNE) A firm's investments in value chain activities abroad. - answerForeign direct investment (FDI) Part of a firm's corporate strategy to gain and sustain a competitive advantage when competing against other foreign and domestic companies around the world. - answerGlobal strategy 1. Gain access to a larger market 2. Gain access to low-cost input factors 3. Develop new competencies - answerAdvantages of going global