international business class globalization – what does it all mean and why me? you know the drill....

International Business Class Globalization what does it all mean and why me? You know the drill. Click on the correct box to make sure you have the right answer. Click here to begin the review

Globalization After doing this review, you should be able to: Discuss what globalization is What are the key drivers Click here to start the review

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Question #1 Globalization is the shift away from a more integrated and interdependent world economy. TRUE FALSE

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Question #2 What has made it easier to globalize business around the world? Falling trade barriers Increase government protectionism Fewer companies going overseas, leading to a shrinking of the world marketplace

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Question #3 What two things are starting to converge into a global norm, thus helping to drive globalization? Currency & Tastes Tastes & Trading barriers Preference & Legislation Tastes & Preference

Question #4 Who is the facilitators of a new, global norm trend? governments multi-national firms Individuals

Question #5 What is the percentage of companies that participate in exporting their products? 70% 90% 80% 35%

Question #6 Which of the following is not a push back to globalization? consumer tastes Availability of improved transportation Legal regulations cultural value systems

Question #7 Most global markets currently are markets for? Consumer Products Agricultural Products Industrial products

Question #8 The markets materials that serve a _____________ need are wanted the world over. Universal need Production need Consumer need

Question #9 What drives the growth of mini MNEs around the globe? Improved communications Improved transportation Location Improved Containerization

Question #10 Which one of these is NOT a characteristic of Latin American economies? Low growth High debt Hyperinflation Stable governmental structure

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Question #11 Which of the following is NOT a factor of production? Capital Transportation Labor Land

Question #12 What has driven the global trade in services? Communications Increased transportation Reduced trade barriers Decreased government regulations

Question #13 The dispersal of production facilities to separate geographical locations was driven by? Improved containerization Reduced production costs Regional Trading Blocks Decreased transportation costs

Question #14 When conducting business transactions across national borders, the most important thing for managers is to? Focus on currency conversion rates Know regulations for specific trading blocks Understand government requirements

Question #15 Because of globalization, more nations are joining the ranks o/t developed economies. TRUEFALSE

Question #16 If a foreign company undertakes investments in the United States, this is done because of? Trade barriers Labor Pressure Environmental Pressure Political Pressure

Question #17 The greatest majority of world out has taken place because of output in United States business has increased. TRUE FALSE

Question #18 What has been the tangible cause of the globalization of world markets? Improved transportation Increasing formation of trade blocs Lowering of trade barriers Technological change

Question #19 Decreased transportation costs have led to? Geographically diverse production facilities Regional trade blocks Longer transportation time

Question #20 The current economic trend in China is free market activity Less overall foreign investment More trade barriers More government control

Question #21 The attraction of firms to Eastern Europe is because? Low trade barriers More government control Highly educated labor pool More government control

Question #22 Why do firms disperse parts of their production process to various parts of the world? To offset legal regulation in the home market To take advantage of the differences in the cost of FoP Because environmental barriers in home markets have decreased

Question #23 A global web of suppliers yields Lowering of trade barriers Increased containerization technology Stronger environmental laws Better final product

Question #24 In 2009 & 2010 drop in global consumer demand led to a 2.3% Contraction of the world economy Decrease in trade barrier legislation Increase in world trade Increase in environmental laws

Question #25 Globalization of markets result in a firms finding their home markets Decreasing costs for labor Under attack from competitors Increasing income potential

Question #26 Even though global output has been shrinking, cross border trade is increasing. What does this tell us? Production overseas has been declining National economies are becoming more integrated There is a decline in regional trade blocks

Question #27 Which of following is NOT a result of strengthening economic policies Deregulation of environmental policies Increased market competition Privatization of state owned industry Increased labor wages in the home market

Question #28 What major country is seeing a reverse and moving away from the trend of globalization? Canada Russia Chad Brazil

Question #29 The inability to finance international trade led to the Contraction of the global economy Reduced wages in home countries Increasing income potential Increasing in regional trade blocs

Question #30 The driving reason why non-U.S. firms move production activity to low cost labor countries is a desire to Reduced wages in home countries Be part of the first mover trade process Become part of a regional trade bloc Participate in major foreign markets

Question #31 Why do many Japanese firms invested in North America and Europe? hedge against possible imposition of trade barriers As a strategy to drive down labor costs in Japan To offset changes in environmental laws in Japan

Question #32 Why do former communist nations have such great market potential? The labor force is not developed, but has potential to learn They have been traditionally under-served, especially in service markets They are quickly joining regional trade block

Question #33 Which of the outsourcing functions is easiest for a company to do? Production facilities Managerial operations Marketing Customer service

Question #34 Commercial jet aircraft have had little if any impact on globalization. TRUEFALSE

Question #35 Most people in the political majority in industrialized countries favor a further reduction in trade barriers. FALSE TRUE

Question #36 The risks associated with global contagion are because of? Reduction of trade barriers Interlocked financial markets Cross global labor production

Question #37 Who are the leaders in globalization trends? Governments Individual Consumers Companies

Question #38 Super freighters and containerization have lead to a dramatic reduction in Production Quotas Global transportation costs Foreign country wages Trade barriers

Question #39 What world event was the starting point for the globalization and increased world trade? End of the Cold War End of World War Two Election of Ronald Reagan End of World War One

Question #40 Foreign Direct Investment (FDI) is when a business takes a / an _______________ role in business activities outside of its home country. Active Passive

Question #41 Moores Law tell us that Every 18 months microprocessor speed doubles and price is cut in half Every 18 months microprocessor speed doubles and the price remains the same Every 18 months microprocessor speed doubles and price doubles

Question #42 The potential for business returns in the former communist countries is high because The economies have been closed for more than a century Both young and old are coming together to make the economy work The governments are swinging back to totalitarian policies

Question #43 Containerization has lead to a significantly lowering of shipping costs over Short Distances Long distances Within regional trading blocs No effect at all

GREAT JOB! Good work completing the review. If you feel comfortable with these questions (and know the answers) you are ready for the test. Click here to be done Click here for more info

Test Structure I test will look like the review. Most questions will either be multiple choice or True / False. No essay or fill in the blank. Dont forget to check the review over the weekend, as I will update info there. Click here to be done

Good luck on the test! May the force be with you.

international business class globalization – what does it all mean and why me? you know the drill....

Documents

review slide

preference slide

world marketplace slide

true false slide

correct box

global trade

global markets

trade barriers