WGU D080 study for OA With Complete Solutions 2024 LATEST
2 views 0 purchase
Course
WGU
Institution
WGU
What is globalization? - Answer as international integration arising from the exchange of world views, products, ideas, and other aspects of culture.
What is Culture Globalization? - Answer refers to the transmission of ideas, meanings, and values around the world in such a way that extends and ...
wgu d080 study for oa with complete solutions 2024
Written for
WGU
All documents for this subject (6270)
Seller
Follow
THEEXCELLENCELIBRARY
Reviews received
Content preview
WGU D080 study for OA With Complete
Solutions Graded A+
What is globalization? - Answer as international integration arising from the
exchange of world views, products, ideas, and other aspects of culture.
What is Culture Globalization? - Answer refers to the transmission of ideas,
meanings, and values around the world in such a way that extends and intensifies
social relations.
What is Political Globalization? - Answer Refers to the emergence of an increasing
number of global institutions such as the growth of both intergovernmental
organizations and nongovernmental organizations
What is Economic Globalization? - Answer A process of increasing cross-border
flows of capital, goods, services, and people
What is International Business? - Answer the buying, selling, and trading of goods
and services across national boundaries
What is intellectual property? - Answer a work or invention that is the result of
creativity, such as a manuscript or a design, to which one has rights and for which
one may apply for a patent, copyright, trademark, etc.
What is the FIRST stage of going global? - Answer Market entry- companies enter
new countries using business models similar to the ones deployed in their home
markets. To gain access to local customers, however, companies often need to
establish a production presence, either because of the nature of their businesses,
such as in-service industries like food, retail, or banking, or because of local
countries' regulatory restrictions, such as in the auto industry.
What is the SECOND stage of going global? - 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. In this
scenario, different locations begin to specialize in different products or components
and trade in finished goods.
What is the THIRD stage of going global? - Answer value chain disaggregation-
represents the next step in the company's globalization of the supply chain
infrastructure. In this stage, companies disaggregate the production process and
focus on completing each activity in the most advantageous location. Individual
components of a single product might be manufactured in several different places
and assembled into final products elsewhere. Examples include the PC industry
market and the decision by companies to offshore some of their business processes
and information technology services.2
What is the FOURTH stage of going global? - Answer Value chain reengineering-
companies seek to further increase their cost savings by reengineering their
processes to suit local market conditions by substituting lower cost labor for capital.
General Electric's (GE) medical equipment division, for example, has tailored its
manufacturing processes abroad to take advantage of low labor costs. Not only does
,WGU D080 study for OA With Complete
Solutions Graded A+
it use more labor-intensive production processes, but it also designs and builds the
capital equipment for its local plants
What is the FIFTH stage of going global? - Answer creation of new markets- the
focus is on market expansion. This allows companies to substantially lower their
sticker prices in both old and new markets and to expand demand. Significantly, the
value of new revenues generated in this last stage is often greater than the value of
cost savings in the other stages.
What are Globalization drivers? - Answer *Market
*Cost
*Competition
*Government
What is a market globalization driver? - Answer Opportunity for scale
Convergence of needs
What is a cost globalization driver? - Answer Deals with economies of scale and
scope, Exploiting cost of factors of production
What is a competitive driver in globalization? - Answer new markets
increase levels of trade
What is a government driver in globalization? - Answer favorable policies
support for industry
What is economies of scale? - Answer when the average cost of producing a good or
service falls as the quantity produced increases
What is economies of scope? - Answer -Lowering the initial price of production
-Multi-product production
What are some issues that can arise when a company moves to another country? -
Answer Ethical issues, governmental policies, and economic restrictions are all likely
when a company moves into an unfamiliar global space. A multinational company
may also face infrastructural and technological challenges in a developing country.
What is Anarchism? - Answer which contends that individuals should control political
activities, and public government is both unnecessary and unwanted.
What is Totalarianism? - Answer which contends that every aspect of an individual's
life should be controlled and dictated by a strong central government.
What is Pluralism? - Answer which asserts that both public and private groups are
essential in a well-functioning political system. Although most countries are pluralistic
politically, they may lean more to one extreme than to the other.
, WGU D080 study for OA With Complete
Solutions Graded A+
What is a Authoritarian government? - Answer centralize all control in the hands of
one strong leader or a strong small group of leaders who have full authority. These
leaders are not democratically elected and are not politically, economically, or
socially accountable to the people in the country.
What is a Monarchy? - Answer A single person rules until he or she dies or
abdicates the throne.
Power can vary by type: absolute, constitutional, or a mix of both.
What is Oligarchy? - Answer A small, elite group holds power
Status not achieved through noble ancestry
What is dictatorship? - Answer A single person (or a very small group of people)
holds power.
Wields complete and absolute authority over a government and population.
What is a democracy? - Answer Citizens organize political parties and elect leaders
Leaders power organized through constitution and term limits
What government do other countries favor in terms of having a high success rate? -
Answer Authoritarian
What are the classifications of economic growth in countries? - Answer
industrialized, developing, and less-developed nations.
What is an industrialized nation? - Answer Industrialized nation is technology, $$$,
and jobs.
EXAMPLE: USA, Canada, Italy, France, Most other nations.
What is a less-developed country? - Answer agriculture remains the common
industry. Subsistence Farming is common and poverty is extremely high. Latin
America, Asia and Africa are very high in underdeveloped countries
What is a developing nation? - Answer that make the transition from economies
based on agricultural and raw materials production to industrialized economies. They
exhibit rising levels of education, technology, and per capita incomes. Governments
in these nations have often made steady progress in improving the climate for
business, which attracts business and economic investment. Examples of
developing nations include India and Costa Rica.2
What is a traditional economy? - Answer Centered around a family or tribe and
guided by tradition
Found in hunt-gatherer and nomadic societies; everyone consumes and produces
the same goods.
Relies on bartering
Members produce what they need with no surplus
Eventually, the economy evolves to some form of currency
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 or Stuvia-credit 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 THEEXCELLENCELIBRARY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.99. You're not tied to anything after your purchase.
