Globalization and International Business
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Questions and Answers

Where does Samsung, the largest South Korean business conglomerate, sell most of its products?

  • To local businesses
  • To other conglomerates
  • To other countries (correct)
  • In South Korea

    • What has caused much of the world's population to be embittered by globalization?

  • The growth of local economies
  • The end of the Second World War
  • The rise of new industries
  • The slow recovery from the global financial crisis (correct)

    • What is one of the new challenges of globalization?

  • To promote local businesses
  • To reduce the number of jobs
  • To increase economic inequality
  • To forge cooperation between the public and its constituents (correct)

    • What has disrupted many industries and left many without jobs?

    <p>The new Industrial Revolution</p> Signup and view all the answers

    Why should you try to anticipate and adapt your approach to global issues?

    <p>To be effective in the workplace</p> Signup and view all the answers

    What is crucial for managers to understand when working with people from different cultures?

    <p>How to adapt their communication style to accommodate cultural differences</p> Signup and view all the answers

    What is essential for managers to consider when operating subsidiaries abroad?

    <p>Both national and local regulations</p> Signup and view all the answers

    What can understanding local regulations lead to in business?

    <p>Success in the market</p> Signup and view all the answers

    How have people adapted to changes in the economy and demographics?

    <p>By adapting to survive</p> Signup and view all the answers

    What has been a popular option for younger educated workers in recent years?

    <p>Starting their own companies</p> Signup and view all the answers

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