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WPC 480 - Chapter 10 Exam Questions and Answers
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WPC 480 - Chapter 10 Exam Questions and Answers
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WPC 480 - Chapter 10 Exam Questionsand Answers
The iiprocess iiof iicloser iiintegration iiand iiexchange iibetween iidifferent iicountries iiand
iipeoples iiworldwide, iimade iipossible iiby iifalling iitrade iiand iiinvestment iibarriers,
iiadvances iiin iitelecommunications, iiand iireductions iiin iitransportation iicosts. ii- iiAnswers
ii-Globalization
A iicompany iithat iideploys iiresources iiand iicapabilities iiin iithe iiprocurement, iiproduction,
iiand iidistribution iiof iigoods iiand iiservices iiin iiat iileast iitwo iicountries. ii- iiAnswers ii-
Multinational iienterprise ii(MNE)
A iifirm's iiinvestments iiin iivalue iichain iiactivities iiabroad. ii- iiAnswers ii-Foreign iidirect
iiinvestment ii(FDI)
Part iiof iia iifirm's iicorporate iistrategy iito iigain iiand iisustain iia iicompetitive iiadvantage
iiwhen iicompeting iiagainst iiother iiforeign iiand iidomestic iicompanies iiaround iithe iiworld.
ii- iiAnswers ii-Global iistrategy
1. iiGain iiaccess iito iia iilarger iimarket
2. iiGain iiaccess iito iilow-cost iiinput iifactors
3. iiDevelop iinew iicompetencies ii- iiAnswers ii-Advantages iiof iigoing iiglobal
Benefits iifrom iilocating iivalue iichain iiactivities iiin iithe iiworld's iioptimal iigeographies iifor
iia iispecific iiactivity iiwherever iithat iimay iibe. ii- iiAnswers ii-Location iieconomies
Additional iicosts iiof iidoing iibusiness iiin iian iiunfamiliar iicultural iiand iieconomic
iienvironment, iiand iicoordinating iiacross iigeographic iidistances. ii- iiAnswers ii-Liability iiof
iiforeignness
A iidecision iiframework iibased iion iithe iirelative iidistance iibetween iihome iiand iia iiforeign
iitarget iicountry iialong iifour iidimensions; iicultural iidistance, iiadministrative iiand iipolitical
iidistance, iigeographic iidistance, iiand iieconomic iidistance. ii- iiAnswers ii-CAGE iidistance
iiframework
The iicollective iimental iiand iiemotional ii"programming iiof iithe iimind" iithat iidifferentiates
iihuman iigroups. ii- iiAnswers ii-National iiculture
Cultural iidisparity iibetween iian iiinternationally iiexpanding iifirm's iihome iicountry iiand iiits
iitargeted iihost iicountry. ii- iiAnswers ii-Cultural iidistance
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