International Business Final Exam Questions and Answers 100% Solved
87 views 1 purchase
Module
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...
international business final exam questions and an
Written for
International Business
International Business
Seller
Follow
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
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
You can quickly pay through credit card for the summaries. There is no membership needed.
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 £9.85. You're not tied to anything after your purchase.
