Alpine Ski House Globalization Quiz
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Questions and Answers

What is one effect of globalization mentioned in the text?

  • Decreased investment levels
  • Rise in commodity prices
  • Increased cultural diversity (correct)
  • Limited international labor mobility
  • How has globalization impacted skilled workers?

  • Reduced quality of goods produced
  • Decreased the number of skilled workers
  • Led to higher production costs
  • Enhanced international labor mobility (correct)
  • Which is an advantage of globalization highlighted in the text?

  • Increased transport services globally (correct)
  • Decline in the quality of goods
  • Reduction in educational opportunities
  • Exploitation of cheap labor
  • What negative consequence of globalization is mentioned in the text?

    <p>Increased commodity prices</p> Signup and view all the answers

    How has globalization impacted economic development according to the text?

    <p>Increased economic development</p> Signup and view all the answers

    What is a potential drawback of globalization?

    <p>Exploitation of cheap labor</p> Signup and view all the answers

    What is the main driver of globalization according to the text?

    <p>Trade liberalization</p> Signup and view all the answers

    Which type of globalization involves the re-location of manufacturing to countries with lower labor costs?

    <p>Economic globalization</p> Signup and view all the answers

    What allows banks and financial institutions autonomy in allocating their capital?

    <p>Deregulation of financial markets</p> Signup and view all the answers

    Which factor contributes to making the world more accessible to everyone?

    <p>Improved technology</p> Signup and view all the answers

    What aspect of globalization involves the assimilation towards international standards?

    <p>Economic globalization</p> Signup and view all the answers

    Which factor contributes to cheaper importation/exportation of goods?

    <p>Trade liberalization</p> Signup and view all the answers

    What is identified as the key factor for international business?

    <p>Globalization</p> Signup and view all the answers

    What does globalization grant access to according to the text?

    <p>Inter-cultural exchange and international division of labor</p> Signup and view all the answers

    How does business evolve with globalization?

    <p>It evolves in new ways</p> Signup and view all the answers

    What is NOT mentioned as a benefit of globalization in the text?

    <p>Reduced innovation opportunities</p> Signup and view all the answers

    Which aspect is NOT associated with international business according to the text?

    <p>Local market exclusivity</p> Signup and view all the answers

    What is a major impact of globalization on local coffee shops?

    <p>Threat of closure due to international coffee chains</p> Signup and view all the answers

    Which statement best describes the wealth distribution issue caused by globalization?

    <p>The rich are becoming richer, and the poor are becoming poorer</p> Signup and view all the answers

    What effect has globalization had on domestic markets?

    <p>Shrinking due to loss of local players' business potential</p> Signup and view all the answers

    Why are people willing to pay more for products in today's globalized world?

    <p>Increased marketing and branding efforts</p> Signup and view all the answers

    What is one reason companies face challenges in entering foreign markets?

    <p>Difficulty in adapting products to local tastes</p> Signup and view all the answers

    How does globalization impact poverty levels around the world?

    <p>Increases relative poverty and inequality</p> Signup and view all the answers

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