WGU D080 MANAGING IN A GLOBAL
BUSINESS ENVIRONMENT 2023 NEW
STUDY GUIDE COMPLETED FROM UNIT 2-
4-5-3-6 TEST BANK 2026 UPDATED
QUESTIONS AND ANSWERS GRADED A+
⩥ Market Entry. Answer: Companies enter new countries using business
models similar to the ones deployed in their home markets
⩥ Product specialization. Answer: Companies transfer the full
production process of a particular product line to a single, low-cost
location and export the goods to various consumer markets
⩥ Value chain disaggregation. Answer: Companies disaggregate the
production process and focus on completing each activity in the most
advantageous location
⩥ Value chain reengineering. Answer: Companies seek to further
increase their cost savings by reengineering their processes to suit local
market conditions by substituting lower cost labor for capital
⩥ Creation of new markets. Answer: creates new demand due to the
reduction of ticket price
,⩥ What are the 4 drivers of Globalization?. Answer: 1. Market
2. Cost
3. Competition
4. Government
⩥ Market. Answer: Opportunity for scale and convergence of needs
(foreign consumers have the same demand as domestic consumer, no
need to redesign)
⩥ Cost. Answer: - Economies of scale & scope: use same production
facility for multiple procedures.
- Exploiting cost of factors of production: labor cost reductions, natural
resources cost reduction
⩥ Competition. Answer: New markets & increased levels of trade
⩥ Government. Answer: Favorable policies, support for the industry
((can use tax bracket to attract FDI and subsidies (free money) can help
domestic business reduce cost and charge lower price))
⩥ What did Thomas Friedman propose?. Answer: The world is flat view
- the use of technology and internet has made it easier for businesses to
conduct global operation
, ⩥ What did Ghemawat propose?. Answer: The world is a multi-domestic
world
⩥ What is CAGE analysis?. Answer: Culture, Administration,
Geography, and Economics
⩥ What are the 3 international institutions. Answer: International
Monetary Fund, World Bank, and World trade organization
⩥ What are the twin institutions. Answer: IMF & World bank
⩥ What was the INITIAL goal of the IMF. Answer: restore international
payment system, oversee the fixed exchange rate system (Brenton
Woods system)
⩥ What is the current goal of the IMF. Answer: monitor the exchange
rate system and stabilize exchange rates, guide member countries to
develop economic policies, correct the debt issue
⩥ IMF. Answer: financial stability, debt, currency, and exchange rate
⩥ Criticisms of the IMF. Answer: - imbalance of voting power (IMF
policies heavily impacted by rich countries)
BUSINESS ENVIRONMENT 2023 NEW
STUDY GUIDE COMPLETED FROM UNIT 2-
4-5-3-6 TEST BANK 2026 UPDATED
QUESTIONS AND ANSWERS GRADED A+
⩥ Market Entry. Answer: Companies enter new countries using business
models similar to the ones deployed in their home markets
⩥ Product specialization. Answer: Companies transfer the full
production process of a particular product line to a single, low-cost
location and export the goods to various consumer markets
⩥ Value chain disaggregation. Answer: Companies disaggregate the
production process and focus on completing each activity in the most
advantageous location
⩥ Value chain reengineering. Answer: Companies seek to further
increase their cost savings by reengineering their processes to suit local
market conditions by substituting lower cost labor for capital
⩥ Creation of new markets. Answer: creates new demand due to the
reduction of ticket price
,⩥ What are the 4 drivers of Globalization?. Answer: 1. Market
2. Cost
3. Competition
4. Government
⩥ Market. Answer: Opportunity for scale and convergence of needs
(foreign consumers have the same demand as domestic consumer, no
need to redesign)
⩥ Cost. Answer: - Economies of scale & scope: use same production
facility for multiple procedures.
- Exploiting cost of factors of production: labor cost reductions, natural
resources cost reduction
⩥ Competition. Answer: New markets & increased levels of trade
⩥ Government. Answer: Favorable policies, support for the industry
((can use tax bracket to attract FDI and subsidies (free money) can help
domestic business reduce cost and charge lower price))
⩥ What did Thomas Friedman propose?. Answer: The world is flat view
- the use of technology and internet has made it easier for businesses to
conduct global operation
, ⩥ What did Ghemawat propose?. Answer: The world is a multi-domestic
world
⩥ What is CAGE analysis?. Answer: Culture, Administration,
Geography, and Economics
⩥ What are the 3 international institutions. Answer: International
Monetary Fund, World Bank, and World trade organization
⩥ What are the twin institutions. Answer: IMF & World bank
⩥ What was the INITIAL goal of the IMF. Answer: restore international
payment system, oversee the fixed exchange rate system (Brenton
Woods system)
⩥ What is the current goal of the IMF. Answer: monitor the exchange
rate system and stabilize exchange rates, guide member countries to
develop economic policies, correct the debt issue
⩥ IMF. Answer: financial stability, debt, currency, and exchange rate
⩥ Criticisms of the IMF. Answer: - imbalance of voting power (IMF
policies heavily impacted by rich countries)
