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 (C)</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 (A)</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 (B)</p> Signup and view all the answers

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

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

What can understanding local regulations lead to in business?

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

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

<p>By adapting to survive (C)</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 (A)</p> Signup and view all the answers

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