D080 exam questions 2023 - Study guides, Class notes & Summaries

WGU D080 Global Business Final Exam Questions With Answers | Graded A+ 2023/2024. Market economy, goods and services are owned by individuals or companies that can buy, sell, or lease them to make a profit with minimum interference by the government - ANSWERCommunism - ANSWER-A system in which all property is publicly owned and the government controls global trade Capitalism - ANSWER-A system in which the means of production is controlled by private owners who can choose to participate in g...

WGU D080 Final Exam Questions With Complete Solutions 2023/2024 Graded A+. Technology - ANSWER-The level of technological development of a nation affects the attractiveness of doing business there and the type of operations that are possible Cultural distance refers to people's differences based on language, norms, national or ethnic identity, levels of trust, tolerance, respect for entrepreneurship and social networks, or other country specific qualities - ANSWERAdministration - ANSWER-Bi...

WGU D080 Exam 2023 Questions and Answers (100% Verified Answers by Expert) WGU D080 Exam 2023 Questions and Answers (100% Verified Answers by Expert)

WGU D080 Managing in a Global Business Environment Exam 2023/2024 with complete solution 150 Questions A farmers market has many vendors and consumers who all sell and buy the same produce at the same price. Which type of market is represented? Perfect competition 3 multiple choice options A sole, national telephone company was found violating antitrust laws and was forced to separate into regional companies. What caused the violation of the antitrust laws? Reduced competition 3 ...

WGU D080 Global Business Exam Questions With Complete Solutions (Graded A+ 2023/2024) Cost - ANSWER-Economies of scale and scope. Exploiting cost of factors of production Competition - ANSWER-New Markets and increased levels of trade Government - ANSWER-Favorable policies and support for industry Subsidies - ANSWER-A sum of money granted by the government to assist an industry or business Patents - ANSWER-Protects inventions and improvements to existing inventions for a limited period of t...

What are the advantages of a mixed economy? - Answer mirror those of the market economy in that goods and services are distributed where they are most needed. Prices are set by supply and demand, innovation is encouraged, and capital is allocated to the businesses that are the most innovative and efficient. A mixed economy minimizes the disadvantages of a market economy by having a more significant role for government intervention in the market. What are the disadvantages of a mixed econom...