Drivers of globalization - Study guides, Class notes & Summaries

WGU D080 - Unit 2 Globalization 1.) International integration arising from the exchange of world views, products, ideas, and other aspects of culture. 2.) Removes barriers and promotes collaboration and interdependence of countries. The opportunities brought to businesses by globalization. 1.) Allows corporations to outsource manufacturing and service jobs. 2.) Jobs are moved from high-cost to low-cost locations. 3.) Allows companies to pay workers lower salaries and provide few...

MKT 415 Quiz 6 Complete Solutions The two most common legal systems that exist in the world today are? Civil law and common law Strategic and comparative advantage should both be critically evaluated when developing international marketing campaigns and global supply chains. Which is the best approach? Focus on both strategic advantage and comparative advantage __________ is/are being stressed more and more in ocean transportation. Basically, greater public awareness is driving dem...

Firms operating across borders must deal with the forces of three kinds of environments. These environments include all of the following except: A. domestic B. local C. foreign D. international E. none of the above - Answer-B All of the following are major drivers leading firms to internationalize their operations except: A. technological B. cost C. social D. market E. competitive - Answer-C T/F - Globalization of product lines and production helps reduce costs by achieving economie...

WGU D080 Managing in a Global Business Environment 2023/2024 with complete solution Questions What is globalization? The key element of globalization is interdependence and interconnectedness among companies and countries around the globe. Globalism is characterized by an increasing number of worldwide connections, rapid and discontinuous change, an increasing number of diverse participants, and growing complexity. What are the economic, political, and cultural effects of globalization? ...

Test Bank for International Business, 3rd Edition Geringer Chapter 1-15 Answers are at the end of Each Chapter Test Bank for International Business, 3rd Edition Geringer Chapter 1-15 Answers are at the end of Each Chapter Chapter 1 Student name:__________ 1) Discuss the three environments in which an international company operates. Question Details AACSB : Reflective Thinking Accessibility : Keyboard Navigation Accessibility : Screen Reader Compatible Learning Objective : 01-01 Show how i...

Firms that have substantial operations in more than one country are called correct answers global companies and multi-domestic firms An international business correct answers is a business whose activities involve crossing national borders. A multidomestic company is correct answers an organization with multicountry affiliates, each of which formulates its own business strategy based on perceived market differences The major globalization drivers include all of the following except: cor...

New in Management Information Systems correct answers - New technologies - Management - Organizations New technologies correct answers -Cloud computing, big data, Internet of Things -Mobile digital platform Management correct answers -Managers use social networks, collaboration -Business intelligence applications accelerate -Virtual meetings proliferate Organizations correct answers -Social business -Telework gains momentum in the work place -Co-creation of value, collaboration a...

MAR 4156 Exam 1 Questions & Answers 2024/2025 Marketing Mix - ANSWERSProduct, Place, Price and Promotion External environment factors of the marketing mix - ANSWERSlaws, customs, cultural and economic forces Multi-domestic Adaptive Globalization - ANSWERS-Adaptive = Global Localization -Mixing standardization and customization in a new way -Essence of segmentation -Think globally, act logically Globalization (Standardization) - ANSWERS-Developing standardized products marketed w...

Globalization - International integration that occurs from interchange of world views, products, ideas, and other aspects of culture. Globalization Opportunities - *demand for new products *lower labor cost *less expensive natural resources *operate internationally to increase revenue and lower cost. Economic Effect on Globalization - *widespread international movement of goods, capital resources, services, information, etc. *countries are increasingly interdependent by border-crossing m...

GMS522 Midterm Exam Questions and Answers 100% Pass international marketing - Answer- the process of planning and conducting transactions across national borders to create exchanges that satisfy the objectives of individuals and organizations. (international sales are seen as secondary to developing the domestic market) multidomestic marketing strategy - Answer- the development of separate marketing strategies for each country that a firm conducts business activities in (if you are in lat...