QUESTION Which of the following has been reduced as a result of globalization? A. Volume of goods and services B. Foreign exchange transactions C. Environment and labor laws D. Differences in material culture E. Regulation of markets ANSWER D
Date: September 3rd, 2020
QUESTION Automobile companies promote different car models in different countries depending on a range of factors such as demographics, local taste, local fuel costs, income levels, traffic congestion, and cultural values. This most likely demonstrates that: A. significant differences still exist among national markets. B. cultural diversity has been replaced by global uniformity. C. the […]
Date: September 3rd, 2020
QUESTION Which of the following statements best supports the claim that greater uniformity replaces diversity in the context of global markets? A. Differences in business systems and legal regulations lead companies to customize their marketing strategies, product features, and operating practices to best match conditions in a particular country. B. As rival global firms follow […]
Date: September 3rd, 2020
QUESTION Which of the following refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors such as labor, energy, land, and capital? A. Globalization of markets B. Containerization of production C. Dispersal of production D. Globalization of production E. […]
Date: September 3rd, 2020
QUESTION West Electronic Corporation sources goods and services for its electronics products from different locations around the globe in an attempt to take advantage of differences in the cost and quality of labor and land. This practice demonstrates the: A. globalization of production. B. globalization of markets. C. dislocation of a developing nation’s economy. D. […]
Date: September 3rd, 2020
QUESTION Which of the following best illustrates the globalization of production? A. Daily Diamonds Inc. buys diamonds from South Africa and exports them to India for the cutting process. B. Evan Swan, a U.S.-based fashion designer, is planning to open a flagship store in China to serve the Asian market. C. Uncle Crab, a U.K. […]
Date: September 3rd, 2020
QUESTION Which of the following allows two or more firms to share the fixed costs (and associated risks) of developing new products or processes? A. Franchising agreement B. Global web C. Free trade agreement D. Strategic alliance E. Dispersion linkage ANSWER D
Date: September 3rd, 2020
QUESTION Although most international trade and investment are still conducted by large firms, many medium-size and small businesses are becoming increasingly involved in international trade and investment. Indicate whether the statement is true or false. ANSWER TRUE Although most international trade and investment are still conducted by large firms, many medium-size and small businesses […]
Date: September 3rd, 2020
QUESTION By offering the same basic product worldwide, firms help to create a global market. Indicate whether the statement is true or false. ANSWER TRUE It has been argued for some time that the tastes and preferences of consumers in different nations are beginning to converge on some global norm, thereby helping to create […]
Date: September 3rd, 2020
QUESTION According to many influential economists, the increase in international trade and cross-border investment will result in an increase in the prices of goods and services. Indicate whether the statement is true or false. ANSWER FALSE Many influential economists, politicians, and business leaders seem to think that the shift toward a more integrated and […]
Date: September 3rd, 2020
