Exam (elaborations)
CBA 300 Final Exam Study Guide Questions And Answers Latest Update
- Course
- CBA 300
- Institution
- California State University, Long Beach
CBA 300 Final Exam Study Guide Questions And Answers Latest Update
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2024/2025CBA 300 Final Exam Study Guide
Questions And Answers Latest
Update
Criticisms of Globalization ANS✔✔ Not everyone benefits, nations left behind, transition to free
market is difficult, investment capital is flighty, win-lose game, hard for farmers to compete w/
subsidization, lose jobs, environmental concerns
Drivers of Globalization ANS✔✔ Overcome home market saturation & achieve economies of scale
International Business ANS✔✔ Business whose activities are carried across national borders
(Trade, Manufacturing, Services)
Mercantilism ANS✔✔ (Int'l Trade Theory) nation's wealth depends on accumulation of gold.
-EXPORT SURPLUS
Absolute Advantage ANS✔✔ when a nation produces product with fewer inputs & specialize in it
International Product Life Cycle - stages ANS✔✔ 1. US Exports
2. Foreign Production
3. Competition in Export Markets
4. Import Competition in Home Market
IPLC ANS✔✔ a nation's export will eventually become it's import
Eclectic Theory of international production ANS✔✔ OLI advantages to ship over seas
,2024/2025
OLI - O ANS✔✔ Ownership
OLI - L ANS✔✔ Location
OLI - I ANS✔✔ Internalization
Trade Agreements are created to ANS✔✔ - Reduce trade barriers
-Create stable/ transparent trading
-cheaper for US
-Help grow economy
NAFTA Problems ANS✔✔ loss of manufacturing jobs,
suppression of wages,
loss of farm jobs in Mexico
Labor / Environmental concerns
NAFTA Advantages ANS✔✔ created largest free trade area
trade increase x3
established trade standards
protects IP rights
provide national goods
increase trade with canada + mexico
NAFTA Disadvantages ANS✔✔ Excessive Pollution
Reasons for job loss
Suppression of wages
Farmers in Mexico out of jobs
Labor Standards issues
, 2024/2025
Hofstede's Cultural Framework ANS✔✔ Uncertainty Avoidance
Power Distance
Individual/collectivism
Masculine/ Feminine
Long Term Orientation (Confucian Dynamism)
Uncertainty Avoidance ANS✔✔ High Uncertainty Avoidance- do not take risks
Low UA- comfortable with risk factors
Power Distance ANS✔✔ High- Seniority, people want direction (UK/US)
Low- inclusive, consultative, equality(Asian)
Individualistic Cultures ANS✔✔ Loosely connected, look after themselves and family (UK/US)
Collectivist Cultures ANS✔✔ Belong to cohesive groups, look after each other for loyalty (Asia)
Protectionist Remedies for cultural trade ANS✔✔ Cultural trade Barriers, L'exception Culturelle
Francaise
Cultural Trade Barriers ANS✔✔ Quota, Censorship, Taxation, Subsidies
Why Walmart Failed in Germany ANS✔✔ Mismanagement/ Failures to understand consumer
demands
-Walmart wasn't green
-Germany is pro unipn
-Germs don't like US name-brands
-group chants
-no relationships with employees
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