WGU Global Business FVC1 V2 and D080 Module 1-4 QUESTIONS WITH COMPLETE SOLUTIONS

What is globalization? correct answer: i international integration arises from the interchange of world views, products, ideas, and other aspects of culture. What are the economic effects of globalization correct answer: Trade Investment Information Technology What are the political effects of globalization correct answer: Recue the importance of nation-states NGOs What are the cultural effects of globalization correct answer: Transmission of ideas, meanings, and values around the world. What is International Business correct answer: Relates to any situation where the production or dist og goods and svcs crosses country borders Opportunity is boosted in globalization as trade and investment barriers are reduced What are the different forms of international business correct answer: Organizations Government Organizations NGOs (Non-Government Org) What is the 1st stages of going Global correct answer: Market Entry-Companies enter new countries using business models similar to the ones deployed in their home markets. What is the 2nd stage of going Global correct answer: (product specialization), companies transfer the full production process