Managing in a Global Business Environment
Questions with solved solutions
Globalization - ANSWER>>worldwide interconnections in virtually every sphere of
activity including the spread of products, technology, information, and job
opportunities. this can result in blurred boundaries between nations,
organizations, and investors
trade and transactions, capital and investment movements, the migration and
movement of people, and the dissemination of knowledge - ANSWER>>four
fundamental aspects of globalization
trade - ANSWER>>the action of buying and selling goods and services
capital - ANSWER>>financial assets such as funds but also equipment, facilities,
and other means of production
outsource - ANSWER>>to obtain goods or services from an outside or foreign
supplier
globalization - ANSWER>>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?
social media platforms - ANSWER>>example of technology as a driver of
globalization
,commercial air travel - ANSWER>>example of transportation as a driver of
globalization
cultural trends - ANSWER>>example of connection as a driver of globalization
wealthy inequity - ANSWER>>example of something that is not a driver of
globalization
nongovernmental organizations - ANSWER>>not for profit organizations that are
interdependent of the government and are active in humanitarian causes
Economic - ANSWER>>Which type of globalization refers to the international
movement of goods, capital, and services?
patents - ANSWER>>protects inventions and improvements to existing inventions
for a limited period of time in exchange for detailed public disclosure of those
inventions
copyrights - ANSWER>>a government authority or license giving the owner of an
invention the right to exclude others from making or selling the invention for a set
period of time
trademarks - ANSWER>>protection for any word, name, symbol, device, or any
combination used in commerce to identify and distinguish the goods of one
manufacturer or seller from goods manufactured or sold by others
assets - ANSWER>>a useful or valuable thing; something you own such as
building, inventory, or cash
liabilities - ANSWER>>being responsible for a debt or financial obligation,
something you owe
financial instrument - ANSWER>>a monetary contract between parties
,multinational firms - ANSWER>>a large corporation incorporated in one country
which produces or sells goods or services in various countries
supply chain - ANSWER>>the sequence of processes involved in the production
and distribution of a commodity
market entry - ANSWER>>companies enter new countries
product specialization - ANSWER>>full production to a single, low-cost location
value chain disaggregation - ANSWER>>complete each activity in the most
advantageous location
value chain reengineering - ANSWER>>companies seek further cost savings,
substituting lower cost labor for capital
creation of new markets - ANSWER>>market expansion
profitability - ANSWER>>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?
opportunities for scale - ANSWER>>cost advantages due to an increase in the
amount of output and a decrease in the cost per unit
economies of scale - ANSWER>>a proportionate savings in costs gained by an
increased level of production
scope - ANSWER>>to develop efficiencies in terms of variety not volume
, cost - ANSWER>>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?
infrastructure - ANSWER>>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?
Six Sigma - ANSWER>>a method that provides tools for organizations to increase
performance and decrease process variation
human capital - ANSWER>>the education and skills of workers
Globalization 1.0 - ANSWER>>this is the least desirable level of globalization to
deal with due to a lack of transportation and technology options
Globalization 2.0 - ANSWER>>this stage of globalism leads to more access to
delivering goods on a worldwide platform due to advances in transportation
Globalization 3.0 - ANSWER>>this is the most desirable level of globalism due to
advances in technology and communication, making global interactions and
transactions smoother
economics - ANSWER>>Which factor is an element of a CAGE analysis when
assessing barriers to cross-border activity?
Questions with solved solutions
Globalization - ANSWER>>worldwide interconnections in virtually every sphere of
activity including the spread of products, technology, information, and job
opportunities. this can result in blurred boundaries between nations,
organizations, and investors
trade and transactions, capital and investment movements, the migration and
movement of people, and the dissemination of knowledge - ANSWER>>four
fundamental aspects of globalization
trade - ANSWER>>the action of buying and selling goods and services
capital - ANSWER>>financial assets such as funds but also equipment, facilities,
and other means of production
outsource - ANSWER>>to obtain goods or services from an outside or foreign
supplier
globalization - ANSWER>>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?
social media platforms - ANSWER>>example of technology as a driver of
globalization
,commercial air travel - ANSWER>>example of transportation as a driver of
globalization
cultural trends - ANSWER>>example of connection as a driver of globalization
wealthy inequity - ANSWER>>example of something that is not a driver of
globalization
nongovernmental organizations - ANSWER>>not for profit organizations that are
interdependent of the government and are active in humanitarian causes
Economic - ANSWER>>Which type of globalization refers to the international
movement of goods, capital, and services?
patents - ANSWER>>protects inventions and improvements to existing inventions
for a limited period of time in exchange for detailed public disclosure of those
inventions
copyrights - ANSWER>>a government authority or license giving the owner of an
invention the right to exclude others from making or selling the invention for a set
period of time
trademarks - ANSWER>>protection for any word, name, symbol, device, or any
combination used in commerce to identify and distinguish the goods of one
manufacturer or seller from goods manufactured or sold by others
assets - ANSWER>>a useful or valuable thing; something you own such as
building, inventory, or cash
liabilities - ANSWER>>being responsible for a debt or financial obligation,
something you owe
financial instrument - ANSWER>>a monetary contract between parties
,multinational firms - ANSWER>>a large corporation incorporated in one country
which produces or sells goods or services in various countries
supply chain - ANSWER>>the sequence of processes involved in the production
and distribution of a commodity
market entry - ANSWER>>companies enter new countries
product specialization - ANSWER>>full production to a single, low-cost location
value chain disaggregation - ANSWER>>complete each activity in the most
advantageous location
value chain reengineering - ANSWER>>companies seek further cost savings,
substituting lower cost labor for capital
creation of new markets - ANSWER>>market expansion
profitability - ANSWER>>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?
opportunities for scale - ANSWER>>cost advantages due to an increase in the
amount of output and a decrease in the cost per unit
economies of scale - ANSWER>>a proportionate savings in costs gained by an
increased level of production
scope - ANSWER>>to develop efficiencies in terms of variety not volume
, cost - ANSWER>>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?
infrastructure - ANSWER>>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?
Six Sigma - ANSWER>>a method that provides tools for organizations to increase
performance and decrease process variation
human capital - ANSWER>>the education and skills of workers
Globalization 1.0 - ANSWER>>this is the least desirable level of globalization to
deal with due to a lack of transportation and technology options
Globalization 2.0 - ANSWER>>this stage of globalism leads to more access to
delivering goods on a worldwide platform due to advances in transportation
Globalization 3.0 - ANSWER>>this is the most desirable level of globalism due to
advances in technology and communication, making global interactions and
transactions smoother
economics - ANSWER>>Which factor is an element of a CAGE analysis when
assessing barriers to cross-border activity?
