WGU C211 Study Guide Questions & Answers 2024 ( A+ GRADED 100% VERIFIED)

WGU
C211
Study
Guide
Questions
Views
of
globalization
(Chp
1.4)
-
ANS
1.
It's
a
new
phenomenom,
starting
in
the
late
20th
century.
2.
It's
a
long
term
part
of
human
history.
3.
Neither
recent
nor
one
directional,
it's
a
pendulum
that
swings
back
and
forth.
Strategic
goal
=
Natural
resource—seeking
-
ANS
Location
specific
advantage
=
Possession
of
natural
resources
and
related
transport
and
communication
infrastructure
Strategic
goal
=
Market-seeking
-
ANS
Location
specific
advantage
=
Abundance
of
strong
market
demand
and
customers
willing
to
pay
Strategic
goal
=
Efficiency-seeking
-
ANS
Location
specific
advantage
=
Economies
of
scale
and
abundance
of
low-cost
factors
Strategic
goal
=
Innovation-seeking
-
ANS
Location
specific
advantage
=
Abundance
of
innovative
individuals,
firms,
and
universities Name
first
mover
advantages:
(Chp
10.3)
-
ANS
1.
Proprietary,
technological
leadership
2.
Pre-emption
of
scarce
resources
3.
Establishment
of
entry
barriers
for
late
entrants
4.
Avoidance
of
clash
with
dominant
firms
at
home
5.
Relationships
with
key
stakeholders
such
as
governments
Name
late
mover
advantages:
(Chp
10.3)
-
ANS
1.
Opportunity
to
free
ride
on
first-mover
investments
2.
Resolution
of
technological
and
market
uncertainty
3.
First
mover's
difficulty
to
adapt
to
market
changes
Name
strategic
goals
supported
by
location
specific
advantages
(Chp
10.2)
-
ANS
1.
Natural
resources
2.
Market
3.
Efficiency
4.
Innovation
Proposition
(1)
underpinning
an
institution
based
view
of
global
business.
-
ANS
Managers
and
firms
rationally
pursue
their
interests
and
make
choices
within
the
formal
and
informal
constraints
in
a
given
institutional
framework