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
WGU C211 Study Guide based off Pre-Assessment Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass $13.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. WGU C211
  4.  
  5. WGU C211

Exam (elaborations)

WGU C211 Study Guide based off Pre-Assessment Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass
 0 purchase
  • Course
  • WGU C211
  • Institution
  • WGU C211

WGU C211 Study Guide based off Pre-Assessment Exam 2024 Actual Questions with Verified Answers, 100% Guarantee Pass

Preview 3 out of 16  pages

Document information

  • August 21, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wgu c211 study guide based off pre assessment exam

Written for

  • WGU C211
  • WGU C211

Seller

avatar-seller
TIPSCORE

Reviews received

Content preview

WGU C211 Study Guide based off Pre-Assessment.pdf file:///C:/Users/HP/Desktop/NIW/WGU%20C211%20Study%20Gu




WGU C211 Study Guide based off Pre-Assessment


1. One view of globalization claims that human civilization has always had some type

of globalization. Which view is it?

ANS The long-run historical view

2. The Pendulum View

ANS A process that swings back and forth, driven by political, economic, and social factors.

3. Business over culture view

ANS Argues that globalization is primarily driven by multinational corporations and profit

maximation.

4. Unique Rule View

ANS Globalizations if governed by unique rules

5. The benefit attributed to firms that enter a market before other firms in the same

market segment is best described by which term?

ANS First-Mover advantage

- refers to competitive edge by introducing a product into the market before competi- tors

6. Trade Advantage
1/




1 of 16 8/20/2024, 1:28

,WGU C211 Study Guide based off Pre-Assessment.pdf file:///C:/Users/HP/Desktop/NIW/WGU%20C211%20Study%20Gu




ANS a country or firm having an advantageous position in interna- tional trade

7. Absolute Advantage

ANS a situation where a country can produce a good or service at a lower cost than other

countries.

8. Scale Advantage

ANS Benefits gained from operating on a large scale, such as economics of scale or the

ability to negotiate better prices with suppliers

9. What is opportunity cost?

ANS the loss of potential gain from other alternatives when one alternative is chosen.

10. What is one of the OLI advantages outlines by John Dunning for why firms become

multinational enterprises by engaging in foreign direct investment?-



ANS Internalization advantages - benefits of a firm internalizing its activities within its

boundaries rather than relying on external markets.

11. Litigation Advantages

ANS These advantages arise due to the multinational firms ability to access legal systems and

protect their rights in foreign markets.

12. International Competition Advantages
2/




2 of 16 8/20/2024, 1:28

,WGU C211 Study Guide based off Pre-Assessment.pdf file:///C:/Users/HP/Desktop/NIW/WGU%20C211%20Study%20Gu




ANS Advantages come from from economies of scale, access to larger markets, cost

efficiencies, and improved distribution networks.

13. Online business advantages

ANS - easy and instantaneous connection with cus- tomers, suppliers and other stakeholders

- can operate 24/7

- easily accessible

14. OLI by John Dunning

ANS Ownership, Location, and Internalization - advantages framework as a way to explain why

firms choose to engage in foreign direct invest- ment (FDI)

15. In which situation is the dodger strategy appropriate for responding to MNEs?

ANS There is high industry pressure to globalize, and competitive assets are customized to

home markets.




3/




3 of 16 8/20/2024, 1:28

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 TIPSCORE. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69052 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
$13.49
  • (0)
Add to cart
Added