Drivers of Globalization - CORRECT ANSWERS ✔✔-
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Technological Drivers |\
- Market Drivers
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- Cost Drivers
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- Political Drivers
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- Competitive Drivers
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Technological Drivers - CORRECT ANSWERS |\ |\ |\ |\ |\
✔✔Advances in computer-based communications |\ |\ |\ |\
are allowing virtual integration, which permits
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firms to become more physically fragmented as
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they search the world for lower-cost inputs. (Page
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15)
Market Drivers - CORRECT ANSWERS ✔✔Protecting
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a home market (Page 15)
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Cost Drivers - CORRECT ANSWERS ✔✔Exporting
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products overseas can lower the costs of producing |\ |\ |\ |\ |\ |\ |\
goods (Page 15)
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,Political Drivers - CORRECT ANSWERS
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✔✔Unification of cultures (Page 15) |\ |\ |\ |\
Competitive Drivers - CORRECT ANSWERS ✔✔Beat |\ |\ |\ |\ |\ |\
the competition to a new market (Page 15)
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Pros of Globalization - CORRECT ANSWERS ✔✔1.
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Enhances Socioeconomic Development |\ |\
2. Promotes More and Better Jobs
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(Page 16) |\
Cons of Globalization - CORRECT ANSWERS ✔✔1.
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Globalization produces uneven results |\ |\ |\
2. Can have harmful effects on labor and labor
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standards
3. Environmental Harm
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4. Threatens to reduce national sovereignty
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(Page 16) |\
Controllable Forces - CORRECT ANSWERS |\ |\ |\ |\ |\
✔✔Internal forces that management administers
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can change
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,Uncontrollable Forces - CORRECT ANSWERS
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✔✔Management has no direct control over, must be
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adapted to
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(Page 12) |\
Uncontrollable Force: Competitive - CORRECT
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ANSWERS ✔✔Kinds and Numbers of Competitors
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(Page 12) |\
Uncontrollable Force: Distributive - CORRECT
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ANSWERS ✔✔National and International Agencies
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that Distribute Goods and Services
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(Page 12) |\
Uncontrollable Force: Economic - CORRECT
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ANSWERS ✔✔Gross National Income and Unit Labor
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Costs
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(Page 12) |\
Uncontrollable Force: Financial - CORRECT
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ANSWERS ✔✔Interest Rates, Inflation Rates, and
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Taxation
(Page 12) |\
, Uncontrollable Force: Socioeconomic - CORRECT
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ANSWERS ✔✔Characteristics and distribution of
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human population
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(Page 12)
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Uncontrollable Force: Labor - CORRECT ANSWERS
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✔✔Composition, Skills, and Attitudes of Workers
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(Page 12)
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Uncontrollable Force: |\ |\
Sociocultural - CORRECT ANSWERS ✔✔Elements of
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Culture
(Page 12)
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Uncontrollable Force: Political - CORRECT ANSWERS
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✔✔Nationalism and Forms of Gov.
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(Page 12)
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Uncontrollable Force: Legal - CORRECT ANSWERS
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✔✔Foreign and Domestic Laws
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(Page 12)
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Uncontrollable Force: Technological - CORRECT
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ANSWERS ✔✔Technical Skills and Equipment
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