WGU D080 NEWEST
EXAM||QUESTIONS AND CORRECT
ANSWERS ||ALREADY GRADED
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What is globalization? -CORRECT ANSWER When international integration arises from
the interchange of world views, products, ideas, and other aspects of cultures.
different types of Globalization -CORRECT ANSWER 1. Economic
2. Political
3. Cultural
Advantages of Economic globalization -CORRECT ANSWER more trade, investments,
information technology, faster economic development, and increased social being
Disadvantages of Economic globalization -CORRECT ANSWER benefits the rich at the
expense of the poor, manufacturing job loss in developed countries, environmental
damage, and unethical practices of labor
Advantages of Political globalization -CORRECT ANSWER more cooperation amount
countries, formation of international or regional organizations, NGOs
Disadvantages of Political globalization -CORRECT ANSWER reduce the importance of
nation-states, loss of sovereignty and power of local government
Advantages of Cultural globalization -CORRECT ANSWER awareness of international
community
Disadvantages of Cultural globalization -CORRECT ANSWER loss of uniqueness of a
country's culture
What is international business? -CORRECT ANSWER any situation where the
production or distribution of goods or services crosses country borders
What are opportunities for international business? -CORRECT ANSWER New and
large international markets offers possible more revenues, lower costs, and access to
advanced technology
What are challenges for international business? -CORRECT ANSWER Ethical business
practice concerns, organizational structure (create new division), public relations (build
customer loyalty), leaderships, and legal and regulatory structure
, What are the 5 stages of going global? -CORRECT ANSWER 1. Market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
Market Entry -CORRECT ANSWER Companies enter new countries using business
models similar to the ones deployed in their home markets
Product specialization -CORRECT ANSWER Companies transfer the full production
process of a particular product line to a single, low-cost location and export the goods to
various consumer markets
Value chain disaggregation -CORRECT ANSWER Companies disaggregate the
production process and focus on completing each activity in the most advantageous
location
Value chain reengineering -CORRECT ANSWER Companies seek to further increase
their cost savings by reengineering their processes to suit local market conditions by
substituting lower cost labor for capital
Creation of new markets -CORRECT ANSWER creates new demand due to the
reduction of ticket price
What are the 4 drivers of Globalization? -CORRECT ANSWER 1. Market
2. Cost
3. Competition
4. Government
Market -CORRECT ANSWER Opportunity for scale and convergence of needs (foreign
consumers have the same demand as domestic consumer, no need to redesign)
Cost -CORRECT ANSWER - Economies of scale & scope: use same production facility
for multiple procedures.
- Exploiting cost of factors of production: labor cost reductions, natural resources cost
reduction
Competition -CORRECT ANSWER New markets & increased levels of trade
Government -CORRECT ANSWER Favorable policies, support for the industry ((can
use tax bracket to attract FDI and subsidies (free money) can help domestic business
reduce cost and charge lower price))
EXAM||QUESTIONS AND CORRECT
ANSWERS ||ALREADY GRADED
A+||DOWNLOAD NOW!!
What is globalization? -CORRECT ANSWER When international integration arises from
the interchange of world views, products, ideas, and other aspects of cultures.
different types of Globalization -CORRECT ANSWER 1. Economic
2. Political
3. Cultural
Advantages of Economic globalization -CORRECT ANSWER more trade, investments,
information technology, faster economic development, and increased social being
Disadvantages of Economic globalization -CORRECT ANSWER benefits the rich at the
expense of the poor, manufacturing job loss in developed countries, environmental
damage, and unethical practices of labor
Advantages of Political globalization -CORRECT ANSWER more cooperation amount
countries, formation of international or regional organizations, NGOs
Disadvantages of Political globalization -CORRECT ANSWER reduce the importance of
nation-states, loss of sovereignty and power of local government
Advantages of Cultural globalization -CORRECT ANSWER awareness of international
community
Disadvantages of Cultural globalization -CORRECT ANSWER loss of uniqueness of a
country's culture
What is international business? -CORRECT ANSWER any situation where the
production or distribution of goods or services crosses country borders
What are opportunities for international business? -CORRECT ANSWER New and
large international markets offers possible more revenues, lower costs, and access to
advanced technology
What are challenges for international business? -CORRECT ANSWER Ethical business
practice concerns, organizational structure (create new division), public relations (build
customer loyalty), leaderships, and legal and regulatory structure
, What are the 5 stages of going global? -CORRECT ANSWER 1. Market entry
2. product specialization
3. value chain disaggregation
4. value chain reengineering
5. creation of new markets
Market Entry -CORRECT ANSWER Companies enter new countries using business
models similar to the ones deployed in their home markets
Product specialization -CORRECT ANSWER Companies transfer the full production
process of a particular product line to a single, low-cost location and export the goods to
various consumer markets
Value chain disaggregation -CORRECT ANSWER Companies disaggregate the
production process and focus on completing each activity in the most advantageous
location
Value chain reengineering -CORRECT ANSWER Companies seek to further increase
their cost savings by reengineering their processes to suit local market conditions by
substituting lower cost labor for capital
Creation of new markets -CORRECT ANSWER creates new demand due to the
reduction of ticket price
What are the 4 drivers of Globalization? -CORRECT ANSWER 1. Market
2. Cost
3. Competition
4. Government
Market -CORRECT ANSWER Opportunity for scale and convergence of needs (foreign
consumers have the same demand as domestic consumer, no need to redesign)
Cost -CORRECT ANSWER - Economies of scale & scope: use same production facility
for multiple procedures.
- Exploiting cost of factors of production: labor cost reductions, natural resources cost
reduction
Competition -CORRECT ANSWER New markets & increased levels of trade
Government -CORRECT ANSWER Favorable policies, support for the industry ((can
use tax bracket to attract FDI and subsidies (free money) can help domestic business
reduce cost and charge lower price))
