Cafta - Study guides, Class notes & Summaries

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 time in exchange for detailed public disclosure of those inventions Copyrights...

Chapter 3—Exploring Global Business ESSAY 1. What is the difference between an absolute advantage and a comparative advantage? ANS: Answer not provided. PTS: 1 DIF: Moderate REF: OBJ: 3-1 NAT: AACSB: Analytic TOP: The Basis for International Business 2. What is a national balance of trade? What does someone mean when he or she says that the balance of trade is favorable? Unfavorable? ANS: Answer not provided. PTS: 1 DIF: Moderate REF: OBJ: 3-1 NAT: AACSB: Diversity TOP: The Basis fo...

WGU D080 Exam Test with Verified Answers Graded A+ 1. Globalization: Worldwide interconnections in virtually every sphere of activity including the spread of products, technology, information, and job opportunities. Globalization can result in blurred boundaries between nations, organizations, and investors 2. trade: The action of buying and selling goods and services 3. capital: Financial assets such as funds but also equipment, facilities, and other means of production 4. outsource: To...

Chapter 3a—Business in a Global Economy ESSAY 1. What is the difference between an absolute advantage and a comparative advantage? ANS: Answer not provided. PTS: 1 OBJ: 3-1 NAT: AACSB: Diversity TOP: The Basis for International Business 2. What does it mean for a country to have an absolute advantage? Compare that to having a comparative advantage. ANS: Answer not provided. PTS: 1 OBJ: 3-1 NAT: AACSB: Diversity TOP: The Basis for International Business 3. What is a national balance ...

GLOBAL BUS D080 Test Bank prep, fall 2022/2023, Distinction level solution guide. Members of a work team are from many different countries. They share their thoughts on developing a strategy to market a product in several different countries. 1.What is the term for the international integration of the team members' exchange of worldviews and ideas to develop the strategy? Outsourcing Globalization Job availability Wealth inequality Correct! The ability to collectively develop a better...

WGU D080 Managing in a Global Business Environment, Top Exam Questions and answers, rated A+ 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 is globalization? economic: developed economies integrating with developing countries through...

Managing in a Global BEconomic Effects of Globalization Widespread, international movement of goods, capital, services, technology and information. Allows more trade, investing, IT, and social well-being. Political Effects of Globalization It reduces the importance of nation-states. Cultural Effects of Globalization The transmission of ideas, meanings, and values around the world in such a way that extends and intensifies social relations. Arguments For Globalization Awa...

BUSINESS 3001 Chapter 06 The Political Economy of International Trade True / False Questions 1. Subsidies are a trade policy instrument. True False 2. Tariffs are the most complex instrument of trade policy. True False 3. Tariffs are the instrument that the GATT and WTO have been most successful in limiting. True False 4. In recent decades, a fall in subsidies, quotas, and voluntary export restraints has been accompanied by a corresponding fall in nontariff barriers....

BUSINESS 3001 Chapter 06 The Political Economy of International Trade True / False Questions 1. Subsidies are a trade policy instrument. True False 2. Tariffs are the most complex instrument of trade policy. True False 3. Tariffs are the instrument that the GATT and WTO have been most successful in limiting. True False 4. In recent decades, a fall in subsidies, quotas, and voluntary export restraints has been accompanied by a corresponding fall in nontariff barriers....

MGMT 4000 Final Exam 2021, All Chapters - Strategic Management and Business Policy, 15e.Strategic Management and Business Policy, 15e. Strategic Management and Business Policy, 15e (Wheelmen et al.) Chapter 1 Basic Concepts in Strategic Management 1) The emphasis of strategic management is on A) Long-term performance. B) First line managers. C) The short-run performance of the corporation. D) An examination of the organization's internal environment. E) An investigation of competit...