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WGU D080 Study For Objective Assessment 2023 (Verified Answers)
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WGU D080 Study For Objective Assessment 2023 (Verified Answers) WGU D080 Study For Objective Assessment 2023 (Verified Answers)
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WGU D080 Study For Objective Assessment 2023(Verified Answers)
1.What is globalization?: When international integration arises from the inter- change of world views, products, ideas, and other aspects of cultures.
2.different types of Globalization: 1. Economic
2.Political
3.Cultural
3.Advantages of Economic globalization: more trade, investments, information technology, faster economic development, and increased social being
4.Disadvantages of Economic globalization: benefits the rich at the expense of the poor, manufacturing job loss in developed countries, environmental damage, and unethical practices of labor
5.Advantages of Political globalization: more cooperation amount countries, formation of international or regional organizations, NGOs .Disadvantages of Political globalization: reduce the importance of na- tion-states, loss of sovereignty and power of local government
7.Advantages of Cultural globalization: awareness of international community
8.Disadvantages of Cultural globalization: loss of uniqueness of a country's culture
9.What is international business?: any situation where the production or
distri- bution of goods or services crosses country borders
10.What are opportunities for international business?: New and large
interna- tional markets offers possible more revenues, lower costs, and
access to advanced technology
11.What are challenges for international business?: Ethical business practice concerns, organizational structure (create new division), public relations (build customer loyalty), leaderships, and legal and regulatory structure
12.What are the 5 stages of going global?: 1. Market entry
2.product specialization
3.value chain disaggregation
4.value chain reengineering
5.creation of new markets
13.Market Entry: Companies enter new countries using business models similar to the ones deployed in their home markets
14.Product specialization: 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
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