MANAGEMENT GLOBAL EDITION 15 EXAM
REVIEW 2026 FULL QUESTION COLLECTION
LEADERSHIP AND CONTROL DECISION
MAKING GUIDE
◉ What business opportunities does globalization present?
Answer: Access to new markets, increased customer base, cost
efficiencies, and enhanced competitiveness.
◉ What are the economic effects of globalization?
Answer: Economic globalization leads to increased trade, investment
flows, and economic growth, but may also result in inequality and
job displacement.
◉ What are the political effects of globalization?
Answer: Political globalization can lead to the spread of democratic
ideals, but may also result in loss of sovereignty and increased
influence of multinational corporations.
◉ What are the cultural effects of globalization?
,Answer: Cultural globalization promotes the exchange of ideas and
values, but can also lead to cultural homogenization and loss of local
traditions.
◉ What are the arguments for globalization?
Answer: Increased economic growth, access to resources, improved
technology transfer, and enhanced cultural exchange.
◉ What are the arguments against globalization?
Answer: Job losses in developed countries, exploitation of labor in
developing countries, environmental degradation, and cultural
erosion.
◉ What are the five stages of entering a global market?
Answer: 1. Market entry, 2. Product specialization, 3. Value chain
disaggregation, 4. Value chain reengineering, 5. Creation of new
markets.
◉ What is meant by 'market' as a driver of globalization?
Answer: The convergence of consumer needs across different
markets, leading to a unified global demand.
◉ What does 'cost' refer to in the context of globalization?
, Answer: Economies of scale (cost advantages due to increased
production) and economies of scope (cost advantages due to a
variety of products).
◉ How does competition drive globalization?
Answer: Increased competition encourages companies to expand
globally to maintain market share and innovate.
◉ What role does government play in globalization?
Answer: Governments can create favorable policies that support
industries and encourage foreign investment.
◉ What is the 'world is flat' view?
Answer: The perspective that globalization has leveled the playing
field, allowing all countries to compete equally in the global market.
◉ What is CAGE analysis?
Answer: A framework that assesses cultural, administrative,
geographic, and economic distances between countries to
understand market differences.
◉ What does 'C' represent in CAGE analysis?
Answer: Culture - differences in language, social norms, and values
that affect business practices.
REVIEW 2026 FULL QUESTION COLLECTION
LEADERSHIP AND CONTROL DECISION
MAKING GUIDE
◉ What business opportunities does globalization present?
Answer: Access to new markets, increased customer base, cost
efficiencies, and enhanced competitiveness.
◉ What are the economic effects of globalization?
Answer: Economic globalization leads to increased trade, investment
flows, and economic growth, but may also result in inequality and
job displacement.
◉ What are the political effects of globalization?
Answer: Political globalization can lead to the spread of democratic
ideals, but may also result in loss of sovereignty and increased
influence of multinational corporations.
◉ What are the cultural effects of globalization?
,Answer: Cultural globalization promotes the exchange of ideas and
values, but can also lead to cultural homogenization and loss of local
traditions.
◉ What are the arguments for globalization?
Answer: Increased economic growth, access to resources, improved
technology transfer, and enhanced cultural exchange.
◉ What are the arguments against globalization?
Answer: Job losses in developed countries, exploitation of labor in
developing countries, environmental degradation, and cultural
erosion.
◉ What are the five stages of entering a global market?
Answer: 1. Market entry, 2. Product specialization, 3. Value chain
disaggregation, 4. Value chain reengineering, 5. Creation of new
markets.
◉ What is meant by 'market' as a driver of globalization?
Answer: The convergence of consumer needs across different
markets, leading to a unified global demand.
◉ What does 'cost' refer to in the context of globalization?
, Answer: Economies of scale (cost advantages due to increased
production) and economies of scope (cost advantages due to a
variety of products).
◉ How does competition drive globalization?
Answer: Increased competition encourages companies to expand
globally to maintain market share and innovate.
◉ What role does government play in globalization?
Answer: Governments can create favorable policies that support
industries and encourage foreign investment.
◉ What is the 'world is flat' view?
Answer: The perspective that globalization has leveled the playing
field, allowing all countries to compete equally in the global market.
◉ What is CAGE analysis?
Answer: A framework that assesses cultural, administrative,
geographic, and economic distances between countries to
understand market differences.
◉ What does 'C' represent in CAGE analysis?
Answer: Culture - differences in language, social norms, and values
that affect business practices.
