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WGU D080 Study Questions and Answers 2023 (100% Verified Answers by Expert)
1.What is globalization?: When international integration arises from
the inter- change of world views, products, ideas, and other aspects of cultures.
2.different types of Globalization: 1. Economic
2.Political 3.Cultural
3.Advantages of Economic globalization: more trade, investments,
information technology, faster economic development, and increased social being
4.Disadvantages of Economic globalization: benefits the rich at the
expense of the poor, manufacturing job loss in developed countries, environmental damage, and unethical practices of labor 5.Advantages of Political globalization: more cooperation amount 1 / 3
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countries, formation of international or regional organizations, NGOs
6.Disadvantages of Political globalization: reduce the importance
of na- tion-states, loss of sovereignty and power of local government
7.Advantages of Cultural globalization: awareness of international
community
8.Disadvantages of Cultural globalization: loss of uniqueness of a
country's culture
9.What is international business?: any situation where the production or
distri- bution of goods or services crosses country borders
10.What are opportunities for international business?: New and large
interna- tional markets offers possible more revenues, lower costs, and access to advanced technology
11.What are challenges for international business?: Ethical business
practice concerns, organizational structure (create new division), 2 / 3
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public relations (build customer loyalty), leaderships, and legal and regulatory structure
12.What are the 5 stages of going global?: 1. Market entry
2.product specialization 3.value chain disaggregation 4.value chain reengineering 5.creation of new markets
13.Market Entry: Companies enter new countries using business
models similar to the ones deployed in their home markets
14.Product specialization: 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
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