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 D080 EXAM QUESTIONS AND ANSWERS VERIFIED AND APPROVED BY EXPERT $9.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. WGU D080
  4.  
  5. WGU D080

Exam (elaborations)

WGU D080 EXAM QUESTIONS AND ANSWERS VERIFIED AND APPROVED BY EXPERT
 10 views  0 purchase
  • Course
  • WGU D080
  • Institution
  • WGU D080

WGU D080 EXAM QUESTIONS AND ANSWERS VERIFIED AND APPROVED BY EXPERT What is globalization? When international integration arises from the interchange of world views, products, ideas, and other aspects of cultures. different types of Globalization 1. Economic 2. Political 3. Cultural Adva...

[Show more]

Preview 3 out of 17  pages

Document information

  • May 1, 2024
  • 17
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wgu d080 exam questions and answers verified and

Written for

  • WGU D080
All documents for this subject (333)

Seller

avatar-seller
NurseAdvocate

Reviews received

Content preview

WGU D080 EXAM QUESTIONS AND ANSWERS VERIFIED
AND APPROVED BY EXPERT


What is globalization?
When international integration arises from the interchange of world views, products,
ideas, and other aspects of cultures.
different types of Globalization
1. Economic
2. Political
3. Cultural
Advantages of Economic globalization
more trade, investments, information technology, faster economic development, and
increased social being
Disadvantages of Economic globalization
benefits the rich at the expense of the poor, manufacturing job loss in developed
countries, environmental damage, and unethical practices of labor
Advantages of Political globalization
more cooperation amount countries, formation of international or regional organizations,
NGOs
Disadvantages of Political globalization
reduce the importance of nation-states, loss of sovereignty and power of local
government
Advantages of Cultural globalization
awareness of international community
Disadvantages of Cultural globalization
loss of uniqueness of a country's culture

,What is international business?
any situation where the production or distribution of goods or services crosses country
borders
What are opportunities for international business?
New and large international markets offers possible more revenues, lower costs, and
access to advanced technology
What are challenges for international business?
Ethical business practice concerns, organizational structure (create new division), public
relations (build customer loyalty), leaderships, and legal and regulatory structure
What are the 5 stages of going global?
1. Market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
Market Entry
Companies enter new countries using business models similar to the ones deployed in
their home markets
Product specialization
Companies transfer the full production process of a particular product line to a single,
low-cost location and export the goods to various consumer markets
Value chain disaggregation
Companies disaggregate the production process and focus on completing each activity
in the most advantageous location
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
Creation of new markets
creates new demand due to the reduction of ticket price
What are the 4 drivers of Globalization?

, 1. Market
2. Cost
3. Competition
4. Government
Market
Opportunity for scale and convergence of needs (foreign consumers have the same
demand as domestic consumer, no need to redesign)
Cost
- Economies of scale & scope: use same production facility for multiple procedures.
- Exploiting cost of factors of production: labor cost reductions, natural resources cost
reduction
Competition
New markets & increased levels of trade
Government
Favorable policies, support for the industry ((can use tax bracket to attract FDI and
subsidies (free money) can help domestic business reduce cost and charge lower
price))
What did Thomas Friedman propose?
The world is flat view - the use of technology and internet has made it easier for
businesses to conduct global operation
What did Ghemawat propose?
The world is a multi-domestic world
What is CAGE analysis?
Culture, Administration, Geography, and Economics
Culture (CAGE)
Cultural difference could reduce country's trade volume
Administration (CAGE)
Administrative similar countries trade more, countries hold membership of the same
trade
Geography (CAGE)
geographical distance between countries impact trade volume

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 NurseAdvocate. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.49
  • (0)
  Add to cart