WGU D080 Exam Prep 2024/2025 |100% Correct Answers|

WGU D080 Exam Prep 2024/2025 |100% Correct Answers| Globalization *Ans* Worldwide interconnections in virtually every sphere of activity including the spread of products, technology, information, and job opportunities. Globalization can result in blurred boundaries between nations, organizations, and investors trade *Ans* The action of buying and selling goods and services capital *Ans* Financial assets such as funds but also equipment, facilities, and other means of production outsource *Ans* To obtain goods or services from an outside or foreign supplier nongovernmental organizations (NGOs) *Ans* Not for profit organizations that are independent of the government and are active in humanitarian causes Which type of globalization refers to the international movement of goods, capital, and services? *Ans* Economic patents *Ans* Protects inventions and improvements to existing inventions for a limited period of time in exchange for detailed public disclosure of those inventions copyrights *Ans* A government authority or license giving the owner of an invention the right to exclude others from making or selling the invention for a set period of time trademarks *Ans* Protection for any word, name, symbol, device, or any combination used in commerce to identify and distinguish the goods of one manufacturer or seller from goods manufactured or sold by others assets *Ans* A useful or valuable thing; something you own such as building, inventory, or cash liabilities *Ans* Being responsible for a debt or financial obligation, something you owe financial instrument *Ans* A monetary contract between parties multinational firms *Ans* A large corporation incorporated in one country which produces or sells goods or services in various countries The 5 Stages of going Global *Ans* Stage 1 ~ Market Entry Stage 2 ~ Product Specialization Stage 3 ~ Value Chain Disaggregation Stage 4 ~ Value Chain Reengineering Stage 5 ~ Creation of New Markets Economies of scale *Ans* A proportionate savings in costs gained by an increased level of production Economies of scope *Ans* To develop efficiencies in terms of variety not volume A CEO seeks to better use the economies of scale and scope of production to increase the international company's profits. Which type of globalization driver is the CEO seeking to use? *Ans* Cost A CEO seeks to better use the economies of scale and scope of production to increase the international company's profits. Which type of globalization driver