10/22/25, 6:11 AM BADM 318 Chen Chapter 1 Overview Questions and Answers 100% Correct Flashcards | Quizlet
BADM 318 Chen Chapter 1 Overview Questions
and Answers 100% Correct
Save
Terms in this set (30)
A shift toward a more integrated and interdependent
Globalization
world economy
1) The decline in barriers to the free flow of goods,
services, and capital
Drivers of globalization
2) Technological change
Moore's Law as costs of microprocessors fall, their power increases
the merging of historically distinct and separate
national markets into one huge global marketplace
Globalization of Markets -The most global of markets are for industrial goods
and materials that serve universal needs around the
world
(aluminum, oil, wheat, microprocessors)
1/5
, 10/22/25, 6:11 AM BADM 318 Chen Chapter 1 Overview Questions and Answers 100% Correct Flashcards | Quizlet
the sourcing of goods and services from locations
around the globe to take advantage of national
differences in the cost and quality of factors of
production
Globalization of
Production
-lower overall cost structure
-improvement of the quality or functionality of a
product to compete more effectively
-early outsourcing was primarily for manufacturing
Globalization of
-modern communications technology allows
Production continued
companies to outsource services
-Formal and informal trade barriers.
-Barriers to foreign direct investment.
Impediments to -Transportation costs.
globalization -Economic and political risk.
-Managerial challenge for coordinating a globally
dispersed supply chain.
manage, regulate, and police the global marketplace,
Global institutions created by voluntary agreement between individual
nation-states
Formal and informal trade barriers.
Barriers to foreign direct investment.
Impediments to Transportation costs.
globalization Economic and political risk.
Managerial challenge for coordinating a globally
dispersed supply chain.
Factors of production labor energy, land, and capital
polices world trading system and ensures nations
World Trade Organization
adhere to the rules established in WTO treaties
2/5
BADM 318 Chen Chapter 1 Overview Questions
and Answers 100% Correct
Save
Terms in this set (30)
A shift toward a more integrated and interdependent
Globalization
world economy
1) The decline in barriers to the free flow of goods,
services, and capital
Drivers of globalization
2) Technological change
Moore's Law as costs of microprocessors fall, their power increases
the merging of historically distinct and separate
national markets into one huge global marketplace
Globalization of Markets -The most global of markets are for industrial goods
and materials that serve universal needs around the
world
(aluminum, oil, wheat, microprocessors)
1/5
, 10/22/25, 6:11 AM BADM 318 Chen Chapter 1 Overview Questions and Answers 100% Correct Flashcards | Quizlet
the sourcing of goods and services from locations
around the globe to take advantage of national
differences in the cost and quality of factors of
production
Globalization of
Production
-lower overall cost structure
-improvement of the quality or functionality of a
product to compete more effectively
-early outsourcing was primarily for manufacturing
Globalization of
-modern communications technology allows
Production continued
companies to outsource services
-Formal and informal trade barriers.
-Barriers to foreign direct investment.
Impediments to -Transportation costs.
globalization -Economic and political risk.
-Managerial challenge for coordinating a globally
dispersed supply chain.
manage, regulate, and police the global marketplace,
Global institutions created by voluntary agreement between individual
nation-states
Formal and informal trade barriers.
Barriers to foreign direct investment.
Impediments to Transportation costs.
globalization Economic and political risk.
Managerial challenge for coordinating a globally
dispersed supply chain.
Factors of production labor energy, land, and capital
polices world trading system and ensures nations
World Trade Organization
adhere to the rules established in WTO treaties
2/5
