Exam (elaborations)
INTERNATIONAL BUSINESS FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+
- Module
- Institution
INTERNATIONAL BUSINESS FINAL EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ ...
[Show more]
Seller
Follow
ASolution
Reviews received
Content preview
Created By: A SolutionINTERNATIONAL BUSINESS FINAL EXAM |
QUESTIONS & ANSWERS (VERIFIED) | LATEST
UPDATE | GRADED A+
Define Globalization
Correct Answer: A trend towards greater economical, cultural, political and
technological interdependence.
What happens when denationalization occurs?
Correct Answer: National boundaries become less important.
What is the difference between denationalization and internationalization?
Correct Answer: 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?
Correct Answer: The convergence of buyer preferences, emergences of global
producers, new market opportunities.
A+ Page 1
,Created By: A Solution
Globalization of Markets helps in...
Correct Answer: Marketing and Production
What is the Globalization of Production?
Correct Answer: Producing at locations where it is low cost of quality maximizing.
(Access to low cost workers, access expertise)
Globalization of production efficiency lowers...
Correct Answer: Costs of production
Name 3 factors causing Globalization.
Correct Answer: (1) Falling barriers to investment and trade
(2) Technological innovations
(3) Increase in Global Competition
What is the WTO?
Correct Answer: A contract between member nations to maintain fair and open trade
A+ Page 2
,Created By: A Solution
policies.
What are the 3 goals of the WTO?
Correct Answer: (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
Correct Answer: (1) Accelerate Data
(2) Accelerate Good
(3) Equipment
(4) People
Globalization impacts countries through (5)
Correct Answer: (1) Jobs and Wages
(2) Income inequality
(3) Labor and environment
A+ Page 3
, Created By: A Solution
(4) National sovereignty
(5) Culture
3 points to support "Globalization costs Jobs and lowers wages"
Correct Answer: (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"
Correct Answer: (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.
Correct Answer: (1) Inequality within nations
(2) between nations
(3) Global inequality
A+ Page 4
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 ASolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £7.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now