WGU C211 Study Guide Questions with 100% Correct Answers | Updated & Verified

1. Views of globalization (Chp 1.4) ANS 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. 2. Strategic goal = Natural resource—seeking ANS Location specific advantage = Possession of natural resources and related transport and communication infra- structure 3. Strategic goal = Market-seeking ANS Location specific advantage = Abundance of strong market demand and customers willing to pay 4. Strategic goal = Efficiency-seeking ANS Location specific advantage = Economies of scale and abundance of low-cost factors 5. Strategic goal = Innovation-seeking ANS Location specific advantage = Abundance of innovative individuals, firms, and universities