WGU D080 study for OA With Complete Solutions
ACTUAL EXAM Q&A Graded A+ Latest Update
2023/2024
What is globalization?
as international integration arising from the exchange of world views, products, ideas, and other
aspects of culture.
What is Culture Globalization?
refers to the transmission of ideas, meanings, and values around the world in such a way that extends
and intensifies social relations.
What is Political Globalization?
Refers to the emergence of an increasing number of global institutions such as the growth of both
intergovernmental organizations and nongovernmental organizations
What is Economic Globalization?
A process of increasing cross-border flows of capital, goods, services, and people
What is International Business?
the buying, selling, and trading of goods and services across national boundaries
What is intellectual property?
a work or invention that is the result of creativity, such as a manuscript or a design, to which one has
rights and for which one may apply for a patent, copyright, trademark, etc.
What is the FIRST stage of going global?
Market entry- companies enter new countries using business models similar to the ones deployed in
their home markets. To gain access to local customers, however, companies often need to establish a
production presence, either because of the nature of their businesses, such as in-service industries
like food, retail, or banking, or because of local countries' regulatory restrictions, such as in the auto
industry.
What is the SECOND stage of going global?
Product Specialization- companies transfer the full production process of a particular product to a
single, low-cost location and export the goods to various consumer markets. In this scenario, different
locations begin to specialize in different products or components and trade in finished goods.
What is the THIRD stage of going global?
value chain disaggregation- represents the next step in the company's globalization of the supply
chain infrastructure. In this stage, companies disaggregate the production process and focus on
completing each activity in the most advantageous location. Individual components of a single
product might be manufactured in several different places and assembled into final products
elsewhere. Examples include the PC industry market and the decision by companies to offshore some
of their business processes and information technology services.2
What is the FOURTH stage of going global?
Value chain reengineering-
,companies seek to further increase their cost savings by reengineering their processes to suit local
market conditions by substituting lower cost labor for capital. General Electric's (GE) medical
equipment division, for example, has tailored its manufacturing processes abroad to take advantage
of low labor costs. Not only does it use more labor-intensive production processes, but it also designs
and builds the capital equipment for its local plants
What is the FIFTH stage of going global?
creation of new markets- the focus is on market expansion. This allows companies to substantially
lower their sticker prices in both old and new markets and to expand demand. Significantly, the value
of new revenues generated in this last stage is often greater than the value of cost savings in the
other stages.
What are Globalization drivers?
*Market
*Cost
*Competition
*Government
What is a market globalization driver?
Opportunity for scale
Convergence of needs
What is a cost globalization driver?
Deals with economies of scale and scope, Exploiting cost of factors of production
What is a competitive driver in globalization?
new markets
increase levels of trade
What is a government driver in globalization?
favorable policies
support for industry
What is economies of scale?
when the average cost of producing a good or service falls as the quantity produced increases
What is economies of scope?
-Lowering the initial price of production
-Multi-product production
What are some issues that can arise when a company moves to another country?
Ethical issues, governmental policies, and economic restrictions are all likely when a company moves
into an unfamiliar global space. A multinational company may also face infrastructural and
technological challenges in a developing country.
What is Anarchism?
, which contends that individuals should control political activities, and public government is both
unnecessary and unwanted.
What is Totalarianism?
which contends that every aspect of an individual's life should be controlled and dictated by a strong
central government.
What is Pluralism?
which asserts that both public and private groups are essential in a well-functioning political system.
Although most countries are pluralistic politically, they may lean more to one extreme than to the
other.
What is a Authoritarian government?
centralize all control in the hands of one strong leader or a strong small group of leaders who have full
authority. These leaders are not democratically elected and are not politically, economically, or
socially accountable to the people in the country.
What is a Monarchy?
A single person rules until he or she dies or abdicates the throne.
Power can vary by type: absolute, constitutional, or a mix of both.
What is Oligarchy?
A small, elite group holds power
Status not achieved through noble ancestry
What is dictatorship?
A single person (or a very small group of people) holds power.
Wields complete and absolute authority over a government and population.
What is a democracy?
Citizens organize political parties and elect leaders
Leaders power organized through constitution and term limits
What government do other countries favor in terms of having a high success rate?
Authoritarian
What are the classifications of economic growth in countries?
industrialized, developing, and less-developed nations.
What is an industrialized nation?
Industrialized nation is technology, $$$, and jobs.
EXAMPLE: USA, Canada, Italy, France, Most other nations.
What is a less-developed country?
agriculture remains the common industry. Subsistence Farming is common and poverty is extremely
high. Latin America, Asia and Africa are very high in underdeveloped countries
ACTUAL EXAM Q&A Graded A+ Latest Update
2023/2024
What is globalization?
as international integration arising from the exchange of world views, products, ideas, and other
aspects of culture.
What is Culture Globalization?
refers to the transmission of ideas, meanings, and values around the world in such a way that extends
and intensifies social relations.
What is Political Globalization?
Refers to the emergence of an increasing number of global institutions such as the growth of both
intergovernmental organizations and nongovernmental organizations
What is Economic Globalization?
A process of increasing cross-border flows of capital, goods, services, and people
What is International Business?
the buying, selling, and trading of goods and services across national boundaries
What is intellectual property?
a work or invention that is the result of creativity, such as a manuscript or a design, to which one has
rights and for which one may apply for a patent, copyright, trademark, etc.
What is the FIRST stage of going global?
Market entry- companies enter new countries using business models similar to the ones deployed in
their home markets. To gain access to local customers, however, companies often need to establish a
production presence, either because of the nature of their businesses, such as in-service industries
like food, retail, or banking, or because of local countries' regulatory restrictions, such as in the auto
industry.
What is the SECOND stage of going global?
Product Specialization- companies transfer the full production process of a particular product to a
single, low-cost location and export the goods to various consumer markets. In this scenario, different
locations begin to specialize in different products or components and trade in finished goods.
What is the THIRD stage of going global?
value chain disaggregation- represents the next step in the company's globalization of the supply
chain infrastructure. In this stage, companies disaggregate the production process and focus on
completing each activity in the most advantageous location. Individual components of a single
product might be manufactured in several different places and assembled into final products
elsewhere. Examples include the PC industry market and the decision by companies to offshore some
of their business processes and information technology services.2
What is the FOURTH stage of going global?
Value chain reengineering-
,companies seek to further increase their cost savings by reengineering their processes to suit local
market conditions by substituting lower cost labor for capital. General Electric's (GE) medical
equipment division, for example, has tailored its manufacturing processes abroad to take advantage
of low labor costs. Not only does it use more labor-intensive production processes, but it also designs
and builds the capital equipment for its local plants
What is the FIFTH stage of going global?
creation of new markets- the focus is on market expansion. This allows companies to substantially
lower their sticker prices in both old and new markets and to expand demand. Significantly, the value
of new revenues generated in this last stage is often greater than the value of cost savings in the
other stages.
What are Globalization drivers?
*Market
*Cost
*Competition
*Government
What is a market globalization driver?
Opportunity for scale
Convergence of needs
What is a cost globalization driver?
Deals with economies of scale and scope, Exploiting cost of factors of production
What is a competitive driver in globalization?
new markets
increase levels of trade
What is a government driver in globalization?
favorable policies
support for industry
What is economies of scale?
when the average cost of producing a good or service falls as the quantity produced increases
What is economies of scope?
-Lowering the initial price of production
-Multi-product production
What are some issues that can arise when a company moves to another country?
Ethical issues, governmental policies, and economic restrictions are all likely when a company moves
into an unfamiliar global space. A multinational company may also face infrastructural and
technological challenges in a developing country.
What is Anarchism?
, which contends that individuals should control political activities, and public government is both
unnecessary and unwanted.
What is Totalarianism?
which contends that every aspect of an individual's life should be controlled and dictated by a strong
central government.
What is Pluralism?
which asserts that both public and private groups are essential in a well-functioning political system.
Although most countries are pluralistic politically, they may lean more to one extreme than to the
other.
What is a Authoritarian government?
centralize all control in the hands of one strong leader or a strong small group of leaders who have full
authority. These leaders are not democratically elected and are not politically, economically, or
socially accountable to the people in the country.
What is a Monarchy?
A single person rules until he or she dies or abdicates the throne.
Power can vary by type: absolute, constitutional, or a mix of both.
What is Oligarchy?
A small, elite group holds power
Status not achieved through noble ancestry
What is dictatorship?
A single person (or a very small group of people) holds power.
Wields complete and absolute authority over a government and population.
What is a democracy?
Citizens organize political parties and elect leaders
Leaders power organized through constitution and term limits
What government do other countries favor in terms of having a high success rate?
Authoritarian
What are the classifications of economic growth in countries?
industrialized, developing, and less-developed nations.
What is an industrialized nation?
Industrialized nation is technology, $$$, and jobs.
EXAMPLE: USA, Canada, Italy, France, Most other nations.
What is a less-developed country?
agriculture remains the common industry. Subsistence Farming is common and poverty is extremely
high. Latin America, Asia and Africa are very high in underdeveloped countries
