100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
International Business Final Exam Questions and Answers 100% Solved $11.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. International Business
  4.  
  5. International Business

Exam (elaborations)

International Business Final Exam Questions and Answers 100% Solved
 1 purchase
  • Course
  • International Business
  • Institution
  • International Business

International Business Final Exam Questions and Answers 100% Solved Define Globalization A trend towards greater economical, cultural, political and technological interdependence. What happens when denationalization occurs? National boundaries become less important. What is the differenc...

[Show more]

Preview 4 out of 59  pages

Document information

  • February 26, 2024
  • 59
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • international business final exam questions and an

Written for

  • International Business
  • International Business

Seller

avatar-seller
StellarScores

Reviews received

Content preview

International Business Final Exam
Questions and Answers 100% Solved
Define Globalization ✔✔A trend towards greater economical, cultural, political and

technological interdependence.




What happens when denationalization occurs? ✔✔National boundaries become less important.




What is the difference between denationalization and internationalization? ✔✔The nature of

interdependent relations. Denationalization = outgrowing national borders. They cooperate for

their well being. Internationalization = source of interdependence comes from pressure.




What is meant by the Globalization of Markets? ✔✔The convergence of buyer preferences,

emergences of global producers, new market opportunities.




Globalization of Markets helps in... ✔✔Marketing and Production




What is the Globalization of Production? ✔✔Producing at locations where it is low cost of

quality maximizing. (Access to low cost workers, access expertise)

,Globalization of production efficiency lowers... ✔✔Costs of production




Name 3 factors causing Globalization. ✔✔(1) Falling barriers to investment and trade


(2) Technological innovations

(3) Increase in Global Competition




What is the WTO? ✔✔A contract between member nations to maintain fair and open trade

policies.




What are the 3 goals of the WTO? ✔✔(1) Help free flow of trade


(2) Help negotiate further opening of markets

(3) Settle trade disputes between members




Name 4 impacts of technology innovation ✔✔(1) Accelerate Data


(2) Accelerate Good

(3) Equipment

(4) People

,Globalization impacts countries through....(5) ✔✔(1) Jobs and Wages


(2) Income inequality

(3) Labor and environment

(4) National sovereignty

(5) Culture




3 points to support "Globalization costs Jobs and lowers wages" ✔✔(1) Eliminates Jobs in

developed nations

(2) Wages lower in developed nations

(3) Exploits workers in developing nations




3 points to support "Globalization creates jobs and boosts wages" ✔✔(1) Increases wealth and

efficiency

(2) Generates labor market flexibility

(3) Creates jobs in developing nations




Name 3 types of inequality as an effect of Globalization. ✔✔(1) Inequality within nations

, (2) between nations

(3) Global inequality




Name 2 key players in International Business ✔✔International corporations, entrepreneurs and

small businesses




Multinational corporations are important in Globalization because... ✔✔They employ many

people




Entrepreneurs are important in Globalization because... ✔✔They are more active in international

business (because of technology)




What is culture? ✔✔Backgrounds, assumptions, expectation, ways of communication, values

beliefs, rules.




Define ethnocentricity. ✔✔The belief that one's culture is superior to anothers.




Define Cultural Literacy. ✔✔Knowledge and understanding of anothers culture which helps

improve collaborative work.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller StellarScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$11.99  1x  sold
  • (0)
Add to cart
Added