WGU D080 Unit 2 Module 1 Exam
Questions and Answers
Market on a global level — products, technology, information, and jobs moving across
borders and cultures. - ANS-What is globalization?
Extensive array of products, services, technologies, medicines, and knowledge will
become available and that these developments will have the potential to reach
significantly larger customer bases. - ANS-What opportunities to businesses are
brought by globalization?
Developed economies integrating with developing countries through foreign direct
investment, lowering costs of doing business, reducing trade barriers and usually
increasing cross-border migration. - ANS-What are the economic effects of
globalization?
May ultimately reduce the importance of nation states. - ANS-What are the political
effects of globalization?
Circulation of cultures that enables individuals to partake in extended social relations
that cross national and regional borders. - ANS-What are the cultural effects of
globalization?
Proponents of economic growth, expansion, and development generally view
globalizing processes as desirable or necessary to the well-being of human society. -
ANS-What are the arguments for globalization from country's perspective?
Those opposed to globalization view one or more globalizing processes as detrimental
to social welfare on a global or local scale - ANS-What are the arguments against
globalization from country's perspective?
Companies enter new countries using business models similar to the ones deployed in
their home markets. - ANS-Market Entry
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. - ANS-Product Specialization
In this stage, companies disaggregate the production process and focus on completing
each activity in the most advantageous location. Individual components of a single
Questions and Answers
Market on a global level — products, technology, information, and jobs moving across
borders and cultures. - ANS-What is globalization?
Extensive array of products, services, technologies, medicines, and knowledge will
become available and that these developments will have the potential to reach
significantly larger customer bases. - ANS-What opportunities to businesses are
brought by globalization?
Developed economies integrating with developing countries through foreign direct
investment, lowering costs of doing business, reducing trade barriers and usually
increasing cross-border migration. - ANS-What are the economic effects of
globalization?
May ultimately reduce the importance of nation states. - ANS-What are the political
effects of globalization?
Circulation of cultures that enables individuals to partake in extended social relations
that cross national and regional borders. - ANS-What are the cultural effects of
globalization?
Proponents of economic growth, expansion, and development generally view
globalizing processes as desirable or necessary to the well-being of human society. -
ANS-What are the arguments for globalization from country's perspective?
Those opposed to globalization view one or more globalizing processes as detrimental
to social welfare on a global or local scale - ANS-What are the arguments against
globalization from country's perspective?
Companies enter new countries using business models similar to the ones deployed in
their home markets. - ANS-Market Entry
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. - ANS-Product Specialization
In this stage, companies disaggregate the production process and focus on completing
each activity in the most advantageous location. Individual components of a single
