Social Science Business
WGU D080
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WGU D080 Managing in a Global Business Envir... INTB 200 (1-25)
293 terms Teacher 186 terms Teacher 25 terms
casey_crystal_wright Preview otienoedgar024 Preview P Christopher_Kama
Practice questions for this set
Learn 1 /7 Study with Learn
1. Economic
2. Political
3. Cultural
Choose an answer
1 What is international business? 2 different types of Globalization
3 small start up company funding 4 Foreign Direct Investment (DIRECT)
Don't know?
When international integration arises from the interchange of
What is globalization?
world views, products, ideas, and other aspects of cultures.
1. Economic
different types of Globalization 2. Political
3. Cultural
Advantages of Economic more trade, investments, information technology, faster
globalization economic development, and increased social being
, benefits the rich at the expense of the poor, manufacturing job
Disadvantages of Economic
loss in developed countries, environmental damage, and
globalization
unethical practices of labor
Advantages of Political more cooperation amount countries, formation of international
globalization or regional organizations, NGOs
Disadvantages of Political reduce the importance of nation-states, loss of sovereignty and
globalization power of local government
Advantages of Cultural awareness of international community
globalization
Disadvantages of Cultural loss of uniqueness of a country's culture
globalization
any situation where the production or distribution of goods or
What is international business?
services crosses country borders
What are opportunities for New and large international markets offers possible more
international business? revenues, lower costs, and access to advanced technology
Ethical business practice concerns, organizational structure
What are challenges for
(create new division), public relations (build customer loyalty),
international business?
leaderships, and legal and regulatory structure
1. Market entry
2. product specialization
What are the 5 stages of going
3. value chain disaggregation
global?
4. value chain reengineering
5. creation of new markets
Companies enter new countries using business models similar to
Market Entry
the ones deployed in their home markets
Companies transfer the full production process of a particular
Product specialization product line to a single, low-cost location and export the goods
to various consumer markets
Companies disaggregate the production process and focus on
Value chain disaggregation
completing each activity in the most advantageous location
Companies seek to further increase their cost savings by
Value chain reengineering reengineering their processes to suit local market conditions by
substituting lower cost labor for capital
Creation of new markets creates new demand due to the reduction of ticket price
1. Market
What are the 4 drivers of 2. Cost
Globalization? 3. Competition
4. Government
Opportunity for scale and convergence of needs (foreign
Market consumers have the same demand as domestic consumer, no
need to redesign)
- Economies of scale & scope: use same production facility for
multiple procedures.
Cost
- Exploiting cost of factors of production: labor cost reductions,
natural resources cost reduction
Competition New markets & increased levels of trade
WGU D080
Save
Students also studied
Flashcard sets Study guides
WGU D080 Managing in a Global Business Envir... INTB 200 (1-25)
293 terms Teacher 186 terms Teacher 25 terms
casey_crystal_wright Preview otienoedgar024 Preview P Christopher_Kama
Practice questions for this set
Learn 1 /7 Study with Learn
1. Economic
2. Political
3. Cultural
Choose an answer
1 What is international business? 2 different types of Globalization
3 small start up company funding 4 Foreign Direct Investment (DIRECT)
Don't know?
When international integration arises from the interchange of
What is globalization?
world views, products, ideas, and other aspects of cultures.
1. Economic
different types of Globalization 2. Political
3. Cultural
Advantages of Economic more trade, investments, information technology, faster
globalization economic development, and increased social being
, benefits the rich at the expense of the poor, manufacturing job
Disadvantages of Economic
loss in developed countries, environmental damage, and
globalization
unethical practices of labor
Advantages of Political more cooperation amount countries, formation of international
globalization or regional organizations, NGOs
Disadvantages of Political reduce the importance of nation-states, loss of sovereignty and
globalization power of local government
Advantages of Cultural awareness of international community
globalization
Disadvantages of Cultural loss of uniqueness of a country's culture
globalization
any situation where the production or distribution of goods or
What is international business?
services crosses country borders
What are opportunities for New and large international markets offers possible more
international business? revenues, lower costs, and access to advanced technology
Ethical business practice concerns, organizational structure
What are challenges for
(create new division), public relations (build customer loyalty),
international business?
leaderships, and legal and regulatory structure
1. Market entry
2. product specialization
What are the 5 stages of going
3. value chain disaggregation
global?
4. value chain reengineering
5. creation of new markets
Companies enter new countries using business models similar to
Market Entry
the ones deployed in their home markets
Companies transfer the full production process of a particular
Product specialization product line to a single, low-cost location and export the goods
to various consumer markets
Companies disaggregate the production process and focus on
Value chain disaggregation
completing each activity in the most advantageous location
Companies seek to further increase their cost savings by
Value chain reengineering reengineering their processes to suit local market conditions by
substituting lower cost labor for capital
Creation of new markets creates new demand due to the reduction of ticket price
1. Market
What are the 4 drivers of 2. Cost
Globalization? 3. Competition
4. Government
Opportunity for scale and convergence of needs (foreign
Market consumers have the same demand as domestic consumer, no
need to redesign)
- Economies of scale & scope: use same production facility for
multiple procedures.
Cost
- Exploiting cost of factors of production: labor cost reductions,
natural resources cost reduction
Competition New markets & increased levels of trade
