WGU D080
Study For Objective Assessment (Verified Answers)
1. What is globalization ANS : When international integration arises from
the inter-change of world views, products, ideas, and other aspects of cultures.
2. different types of Globalization ANS : 1. Economic
2. Political
3. Cultural
3. Advantages of Economic globalization ANS : more trade, investments,
informationtechnology, faster economic development, and increased social being
4. Disadvantages of Economic globalization ANS : benefits the rich at the
expense ofthe poor, manufacturing job loss in developed countries, environmental
damage, and unethical practices of labor
5. Advantages of Political globalization ANS : more cooperation amount
countries,formation of international or regional organizations, NGOs
6. Disadvantages of Political globalization ANS : reduce the
importance of na-tion-states, loss of sovereignty and power of local
government
7. Advantages of Cultural globalization ANS : awareness of international
, community
8. Disadvantages of Cultural globalization ANS : loss of uniqueness of a
country'sculture
9. What is international business ANS : any situation where the production
or distrib-ution of goods or services crosses country borders
10. What are opportunities for international business ANS : New and
large interna-tional markets offers possible more revenues, lower costs, and access
to advancedtechnology
11. What are challenges for international business ANS : Ethical
business practice concerns, organizational structure (create new division), public
relations (build cus-tomer loyalty), leaderships, and legal and regulatory structure
12. What are the 5 stages of going global ANS : 1. Market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
13. Market Entry: Companies enter new countries using business models similar
tothe ones deployed in their home markets
14. Product specialization: Companies transfer the full production process of a
, particular product line to a single, low-cost location and export the goods to
variousconsumer markets
15. Value chain disaggregation: Companies disaggregate the production
processand focus on completing each activity in the most advantageous location
Study For Objective Assessment (Verified Answers)
1. What is globalization ANS : When international integration arises from
the inter-change of world views, products, ideas, and other aspects of cultures.
2. different types of Globalization ANS : 1. Economic
2. Political
3. Cultural
3. Advantages of Economic globalization ANS : more trade, investments,
informationtechnology, faster economic development, and increased social being
4. Disadvantages of Economic globalization ANS : benefits the rich at the
expense ofthe poor, manufacturing job loss in developed countries, environmental
damage, and unethical practices of labor
5. Advantages of Political globalization ANS : more cooperation amount
countries,formation of international or regional organizations, NGOs
6. Disadvantages of Political globalization ANS : reduce the
importance of na-tion-states, loss of sovereignty and power of local
government
7. Advantages of Cultural globalization ANS : awareness of international
, community
8. Disadvantages of Cultural globalization ANS : loss of uniqueness of a
country'sculture
9. What is international business ANS : any situation where the production
or distrib-ution of goods or services crosses country borders
10. What are opportunities for international business ANS : New and
large interna-tional markets offers possible more revenues, lower costs, and access
to advancedtechnology
11. What are challenges for international business ANS : Ethical
business practice concerns, organizational structure (create new division), public
relations (build cus-tomer loyalty), leaderships, and legal and regulatory structure
12. What are the 5 stages of going global ANS : 1. Market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
13. Market Entry: Companies enter new countries using business models similar
tothe ones deployed in their home markets
14. Product specialization: Companies transfer the full production process of a
, particular product line to a single, low-cost location and export the goods to
variousconsumer markets
15. Value chain disaggregation: Companies disaggregate the production
processand focus on completing each activity in the most advantageous location
