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WGU D080 Objective Assessment 2023 Questions and Answers (Verified Answers
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WGU D080 Objective Assessment 2023 Questions and Answers (Verified Answers
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WGU D080 Objective Assessment2023 Questions and Answers (Verified
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,WGU D080 UNIT 2 - Study Guide
Questions and Answers (GLOBAL)
What is globalization? - ANSWER-the growing global economic, cultural, and political
integration and interaction
what business opportunities are presented by globalization? - ANSWER-economic
growth, spread of technology and innovation, lower cost of products, access to new
markets
what are the economic effects of globalization? - ANSWER-reduces cost of
manufacturing, consumers have a wider variety of goods
what are the political effects of globalization? - ANSWER-reduced importance of nation-
state governments (global institutions often replace or extend national functions to
facilitate international agreement)
what are the cultural effects of globalization? - ANSWER-increased cross-cultural
contacts, decrease in the uniqueness of once-isolated communities, global domination
of American culture, erasure of other cultures
what are some favorable arguments for globalization? - ANSWER-spread of technology
and innovation, lowered rates of poverty in developing nations
what are some arguments AGAINST globalization? - ANSWER-unemployment due to
jobs moving overseas for lower production costs, significant increases in inequality
between business owners and common people in developed nations
what are the different forms of international business? - ANSWER-1. organizations (any
company, large or small)
2. governmental organizations (embassies, consulates, NAFTA, etc.)
3. NGO's (non-governmental organizations such as non-profits and volunteer
organizations - UNICEF, Greenpeace, World Wildlife Fund)
what is the first stage of entering a global market? - ANSWER-market entry - companies
enter new countries using business models similar to the ones deployed in their home
markets.
what is the second stage of entering a global market? - ANSWER-(product
specialization), companies transfer the full production process of a particular product to
a single, low-cost location and export the goods to various consumer markets.
, what is the third stage of entering a global market? - ANSWER-(value chain dis-
aggregation) - companies separate the production process and focus on completing
each activity in the most advantageous location. (a single product might be
manufactured in several different places and assembled into final products elsewhere.)
what is the fourth stage of entering a global market? - ANSWER-(value chain re-
engineering) - increase cost savings by redesigning processes to suit local market
conditions by substituting lower cost labor for capital.
what is the fifth (and final) stage of entering a global market? - ANSWER-(creation of
new markets) - market expansion (allows companies to substantially lower their sticker
prices in both old and new markets and to expand demand.)
what are the four drivers of globalization? - ANSWER-market, cost, competition,
government
how does market drive globalization? - ANSWER-As customers in different parts of the
world increasingly demand similar products and services, opportunities for scale arise
through the marketing of somewhat standardized offerings. (example: technology
products are relatively the same no matter what location - but soft drinks may vary
depending on region or culture.)
how does cost drive globalization? - ANSWER-efficiency and costs vary from country to
country and global firms can take advantage of this fact; opportunity to build global
scale economies and the high product development costs
how does competition drive globalization? - ANSWER-High levels of trade, competitive
diversity, and interdependence increase the potential for industry globalization
how does government drive globalization? - ANSWER-the presence or absence of
favorable trade policies, technical standards, policies and regulations, and government-
operated or subsidized competitors or customers
what is the difference between the world is flat view and the CAGE analysis? -
ANSWER-The world is flat view is a metaphor for the playing field being flattened with
an increasingly globalized community, with competitors having equal opportunities. The
CAGE analysis sees Culture, Administration, Geography, and Economics as barriers to
global activity.
how does (G)geography act as a barrier, according to the CA(G)E analysis? -
ANSWER-as distance goes up, trade goes down
what are some (C)cultural barriers, according to the (C)AGE analysis? - ANSWER-
language, norms, national or ethnic identity, levels of trust, tolerance, respect for
entrepreneurship and social networks, or other country-specific qualities
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