D080 Exam With 100% Correct Solutions
Connection?
social media platforms
commercial air travel
cultural trends
wealth inequity - ANSWER Cultural trends such as music, art, clothing, and industry are
connecting people more than ever.
Technology?
social media platforms
commercial air travel
cultural trends
wealth inequity - ANSWER The internet gave rise to the creation of social media
platforms that encourage cultural exchange between citizens of nation states.
Transportation?
social media platforms
commercial air travel
cultural trends
wealth inequity - ANSWER The rise of commercial air travel allowed goods to move
between countries quickly.
Not a driver?
social media platforms
commercial air travel
cultural trends
wealth inequity - ANSWER Wealth inequity is a negative result of globalization and not a
driver.
Members of a work team are from many different countries. They share their thoughts
on developing a strategy to market a product in several different countries.
,What is the term for the international integration of the team members' exchange of
worldviews and ideas to develop the strategy?
Globalization
Job availability
Outsourcing
Wealth inequality - ANSWER Globalization
Correct! The ability to collectively develop a better product strategy will occur by having
a cross-cultural exchange of ideas to market the product globally. Globalization is when
international integration arises from the interchange of worldviews, products, ideas,
and other aspects of culture.
Which type of globalization refers to the international movement of goods, capital, and
services?
Social
Economic
Cultural
Anti - ANSWER Economic
Correct! The movement of goods and services internationally through trade and trade
agreements is economic globalization. As the world becomes smaller, increased
movement of goods across borders occurs along with trade agreements.
Market Entry?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Companies enter new countries
Product Specialization?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
,Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Full production to a single, low-cost location
Value Chain Disaggregation?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Complete each activity in the most advantageous location
Creation of New Markets?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Market expansion
Value Chain Reengineering?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Companies seek further cost savings, substituting lower cost labor for capital
The CEO of an international company reminds the executive vice presidents that while
the company may do good while performing corporate social responsibilities, the
business has one ultimate goal since it is engaged in commercial activities with
corporate shareholders.
Which ultimate goal is the CEO emphasizing to the executive vice presidents?
Stakeholder satisfaction
, Exporting
Cultural exchange
Profitability - ANSWER Profitability
Correct! Ultimately, a company is engaged in commerce to achieve a profit. Business
profit is gauged in financial and economic terms. However, some level of sustained
financial and economic profits is needed for a business to achieve other outcomes that
are measured as social or environmental performance.
A CEO seeks to better use the economies of scale and scope of production to increase
the international company's profits.
Which type of globalization driver is the CEO seeking to use?
Cost
Government
Competition
Market - ANSWER Cost
Correct! Companies seek to put production in low labor-cost countries to lower labor
costs and increase the contribution margin. Economies of scale and scope and the
exploitation of differences in costs for product development, manufacturing, and
sourcing in different parts of the world will assume greater importance as determinants
of global strategy.
A CEO is discussing an expansion of production of a company's highly perishable dairy
line in a country that can offer low labor costs and good internet connections. The
country has no highways, and roads are poorly maintained.
Which challenge to international business expansion do the road conditions present?
Legal
Ethical
Infrastructure
Relational - ANSWER Infrastructure
Correct! Since the product is perishable, having a good road system is critical to
bringing a product to market before it goes bad. Infrastructure includes the basic
physical and organizational structures needed for a society to operate and for an
Connection?
social media platforms
commercial air travel
cultural trends
wealth inequity - ANSWER Cultural trends such as music, art, clothing, and industry are
connecting people more than ever.
Technology?
social media platforms
commercial air travel
cultural trends
wealth inequity - ANSWER The internet gave rise to the creation of social media
platforms that encourage cultural exchange between citizens of nation states.
Transportation?
social media platforms
commercial air travel
cultural trends
wealth inequity - ANSWER The rise of commercial air travel allowed goods to move
between countries quickly.
Not a driver?
social media platforms
commercial air travel
cultural trends
wealth inequity - ANSWER Wealth inequity is a negative result of globalization and not a
driver.
Members of a work team are from many different countries. They share their thoughts
on developing a strategy to market a product in several different countries.
,What is the term for the international integration of the team members' exchange of
worldviews and ideas to develop the strategy?
Globalization
Job availability
Outsourcing
Wealth inequality - ANSWER Globalization
Correct! The ability to collectively develop a better product strategy will occur by having
a cross-cultural exchange of ideas to market the product globally. Globalization is when
international integration arises from the interchange of worldviews, products, ideas,
and other aspects of culture.
Which type of globalization refers to the international movement of goods, capital, and
services?
Social
Economic
Cultural
Anti - ANSWER Economic
Correct! The movement of goods and services internationally through trade and trade
agreements is economic globalization. As the world becomes smaller, increased
movement of goods across borders occurs along with trade agreements.
Market Entry?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Companies enter new countries
Product Specialization?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
,Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Full production to a single, low-cost location
Value Chain Disaggregation?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Complete each activity in the most advantageous location
Creation of New Markets?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Market expansion
Value Chain Reengineering?
Complete each activity in the most advantageous location
Full production to a single, low-cost location
Market expansion
Companies enter new countries
Companies seek further cost savings, substituting lower cost labor for capital -
ANSWER Companies seek further cost savings, substituting lower cost labor for capital
The CEO of an international company reminds the executive vice presidents that while
the company may do good while performing corporate social responsibilities, the
business has one ultimate goal since it is engaged in commercial activities with
corporate shareholders.
Which ultimate goal is the CEO emphasizing to the executive vice presidents?
Stakeholder satisfaction
, Exporting
Cultural exchange
Profitability - ANSWER Profitability
Correct! Ultimately, a company is engaged in commerce to achieve a profit. Business
profit is gauged in financial and economic terms. However, some level of sustained
financial and economic profits is needed for a business to achieve other outcomes that
are measured as social or environmental performance.
A CEO seeks to better use the economies of scale and scope of production to increase
the international company's profits.
Which type of globalization driver is the CEO seeking to use?
Cost
Government
Competition
Market - ANSWER Cost
Correct! Companies seek to put production in low labor-cost countries to lower labor
costs and increase the contribution margin. Economies of scale and scope and the
exploitation of differences in costs for product development, manufacturing, and
sourcing in different parts of the world will assume greater importance as determinants
of global strategy.
A CEO is discussing an expansion of production of a company's highly perishable dairy
line in a country that can offer low labor costs and good internet connections. The
country has no highways, and roads are poorly maintained.
Which challenge to international business expansion do the road conditions present?
Legal
Ethical
Infrastructure
Relational - ANSWER Infrastructure
Correct! Since the product is perishable, having a good road system is critical to
bringing a product to market before it goes bad. Infrastructure includes the basic
physical and organizational structures needed for a society to operate and for an
