D080 STUDY FOR OA questions and answers with solutions 2025

What is globalization? - ANSWER as international integration arising from the exchange of world views, products, ideas, and other aspects of culture. What is Culture Globalization? - ANSWER refers to the transmission of ideas, meanings, and values around the world in such a way that extends and intensifies social relations. What is Political Globalization? - ANSWER Refers to the emergence of an increasing number of global institutions such as the growth of both intergovernmental organizations and nongovernmental organizations What is Economic Globalization? - ANSWER A process of increasing cross-border flows of capital, goods, services, and people What is International Business? - ANSWER the buying, selling, and trading of goods and services across national boundaries What is intellectual property? - ANSWER a work or invention that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright, trademark, etc. What is the FIRST stage of going global? - ANSWER Market entry- companies enter new countries using business models similar to the ones deployed in their home markets. To gain access to local customers, however, companies often need to establish a production presence, either because of the nature of their businesses, such as in-service industries like food, retail, or banking, or because of local countries' regulatory restrictions, such as in the auto industry. What is the SECOND stage of going global? - ANSWER Product Specialization- companies transfer the full production process of a particular product to a single, low-cost location and export the goods to various consumer markets. In this scenario, different locations begin to specialize in different products or components and trade in finished goods. What is the THIRD stage of going global? - ANSWER value