D080 UNIT 2 - Study Guide Questions Global
Business | exam Questions and answers |2025/2026|
latest
Terms in this set (200)
What is globalization? the growing global economic, cultural, and political integration and
interaction
what business opportunities are economic growth, spread of technology and innovation, lower
presented by globalization? cost of products, access to new markets
what are the economic effects of reduces cost of manufacturing, consumers have a wider variety of
globalization? goods
what are the political effects of reduced importance of nation-state governments (global
globalization? institutions often replace or extend national functions to
facilitate international agreement)
what are the cultural effects of increased cross-cultural contacts, decrease in the uniqueness
globalization? of once-isolated communities, global domination of American
culture, erasure of other cultures
what are some favorable spread of technology and innovation, lowered rates of poverty in
arguments for globalization? developing nations
unemployment due to jobs moving overseas for lower
what are some arguments
production costs, significant increases in inequality between
AGAINST globalization?
business owners and common people in developed nations
, 1. organizations (any company, large or small)
what are the different forms of 2. governmental organizations (embassies, consulates, NAFTA, etc.)
international business? 3. NGO's (non-governmental organizations such as non-
profits and volunteer organizations - UNICEF,
Greenpeace, World Wildlife Fund)
what is the first stage of entering market entry - companies enter new countries using
a global market? business models similar to the ones deployed in their
home markets.
(product specialization), companies transfer the full
what is the second stage of
production process of a particular product to a single, low-
entering a global market?
cost location and export the goods to various consumer
markets.
(value chain dis-aggregation) - companies separate the
what is the third stage of production process and focus on completing each activity
entering a global market? in the most advantageous location. (a single product
might be manufactured in several different places and
assembled into final products elsewhere.)
, what is the fourth stage of (value chain re-engineering) - increase cost savings by
entering a global redesigning processes to suit local market conditions by
market? substituting lower cost labor for capital.
what is the fifth (and final) (creation of new markets) - market expansion (allows
stage of entering a global companies to substantially lower their sticker prices in
market? both old and new markets and to expand demand.)
what are the four drivers of market, cost, competition, government
globalization?
As customers in different parts of the world increasingly
demand similar products and services, opportunities for
how does market drive scale arise through the marketing of somewhat
globalization? standardized offerings. (example: technology products are
relatively the same no matter what location - but soft
drinks may vary depending on region or culture.)
efficiency and costs vary from country to country and
how does cost drive global firms can take advantage of this fact; opportunity to
globalization? build global scale economies and the high product
development costs
High levels of trade, competitive diversity, and
how does competition drive
interdependence increase the potential for industry
globalization?
globalization
the presence or absence of favorable trade policies,
how does government drive
technical standards, policies and regulations, and
globalization?
government-operated or subsidized competitors or customers
The world is flat view is a metaphor for the playing field
what is the difference between being flattened with an increasingly globalized community,
the world is flat view and the with competitors having equal opportunities. The CAGE
Business | exam Questions and answers |2025/2026|
latest
Terms in this set (200)
What is globalization? the growing global economic, cultural, and political integration and
interaction
what business opportunities are economic growth, spread of technology and innovation, lower
presented by globalization? cost of products, access to new markets
what are the economic effects of reduces cost of manufacturing, consumers have a wider variety of
globalization? goods
what are the political effects of reduced importance of nation-state governments (global
globalization? institutions often replace or extend national functions to
facilitate international agreement)
what are the cultural effects of increased cross-cultural contacts, decrease in the uniqueness
globalization? of once-isolated communities, global domination of American
culture, erasure of other cultures
what are some favorable spread of technology and innovation, lowered rates of poverty in
arguments for globalization? developing nations
unemployment due to jobs moving overseas for lower
what are some arguments
production costs, significant increases in inequality between
AGAINST globalization?
business owners and common people in developed nations
, 1. organizations (any company, large or small)
what are the different forms of 2. governmental organizations (embassies, consulates, NAFTA, etc.)
international business? 3. NGO's (non-governmental organizations such as non-
profits and volunteer organizations - UNICEF,
Greenpeace, World Wildlife Fund)
what is the first stage of entering market entry - companies enter new countries using
a global market? business models similar to the ones deployed in their
home markets.
(product specialization), companies transfer the full
what is the second stage of
production process of a particular product to a single, low-
entering a global market?
cost location and export the goods to various consumer
markets.
(value chain dis-aggregation) - companies separate the
what is the third stage of production process and focus on completing each activity
entering a global market? in the most advantageous location. (a single product
might be manufactured in several different places and
assembled into final products elsewhere.)
, what is the fourth stage of (value chain re-engineering) - increase cost savings by
entering a global redesigning processes to suit local market conditions by
market? substituting lower cost labor for capital.
what is the fifth (and final) (creation of new markets) - market expansion (allows
stage of entering a global companies to substantially lower their sticker prices in
market? both old and new markets and to expand demand.)
what are the four drivers of market, cost, competition, government
globalization?
As customers in different parts of the world increasingly
demand similar products and services, opportunities for
how does market drive scale arise through the marketing of somewhat
globalization? standardized offerings. (example: technology products are
relatively the same no matter what location - but soft
drinks may vary depending on region or culture.)
efficiency and costs vary from country to country and
how does cost drive global firms can take advantage of this fact; opportunity to
globalization? build global scale economies and the high product
development costs
High levels of trade, competitive diversity, and
how does competition drive
interdependence increase the potential for industry
globalization?
globalization
the presence or absence of favorable trade policies,
how does government drive
technical standards, policies and regulations, and
globalization?
government-operated or subsidized competitors or customers
The world is flat view is a metaphor for the playing field
what is the difference between being flattened with an increasingly globalized community,
the world is flat view and the with competitors having equal opportunities. The CAGE
