Terms in this set (73)
Sure Start is starting a new Competition drivers are about entering new markets to beat
division for rechargeable competitors. Sure Start has identified a market that does not
batteries in different parts of have a lot of competition since it is a fairly new market.
the world.
What was the globalization
driver of this decision?
Which type of globalization is Economic globalization is the globalization of production,
represented by Sure Start sales, and finance activities in international markets
expanding into South around the world.
America, Europe, and Asia?
Which antiglobalization Labor in Asia can be cheaper than in NC, and critics argue
argument could lead to Sure that outsourcing manufacturing could lead to job loss in
Start continuing to maintain its the home country.
current factories instead of
moving them to Asia?
Which action should the U.S. Imposing tariffs on batteries made in Vietnam will make them more
government take to expensive.
encourage Sure Start to
keep electric battery
production in the country?
Which economic system The law of supply and demand applies to the market
facilitates the global economy, and the goods are privately owned. Government
expansion of Sure Start? interference is minimum.
Which type of risk will a Offering a warranty protects the company from the legal risk
,company reduce if they offer a of a product not performing to standard.
warranty to the purchasers of
the battery in case of
failure?
Which aspect of the The IMF's purpose is to provide a way for countries to
International Monetary Fund easily exchange money, provide financial help to its
(IMF) will assist the newly members, and supervise international economic policies.
elected leader in paying the
deficit in U.S. dollars, if agreed
on by both countries?
, Which critical distinction should The World Bank is directly associated with this type of development
Country A make when project.
choosing between the World
Bank and the International
Monetary Fund (IMF) to
improve the country's
highways?
Which benefit to the newly- The World Bank provides funds through low interest or
elected leader in Country A interest-free loans, grants, and credits to help the country
stems from using the World develop its infrastructure.
Bank to meet a campaign
promise?
Why should the newly- Because of the voting power highly-developed countries
elected leader of Country A have on World Bank policies
be careful when working with
the World Bank to eliminate
the nation's trade deficit?
Why should the newly-elected To receive help building international exchange capacity.
leader of Country A use the One of the functions of the WTO is to help developing
World Trade Organization countries build trade and international exchange capacity
(WTO) to form favorable so they can have a presence in the international markets.
trade agreements?
Which situation describes how The absolute advantage theory states that a country that
Sure Start is applying the can produce a product cheaper or faster than another
absolute advantage theory? country should focus on that advantage. Moving production
Adding an office in the South of the batteries used in electric cars from the United States
American market to help to Vietnam where labor is less expensive applies the
manage the business absolute advantage theory.
throughout the continent
Expanding into Europe and Asia
to supply batteries to electric
car manufacturers in those
markets
Moving production of the
batteries used in electric cars
to Vietnam where labor is less
expensive