Globalization, Deregulation, and Competitive Advantage

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What is the primary function of Research and Development (R&D) within a company's operating expenses (OPEX)?

To oversee the company's financial planning and budgeting

To manage the company's supply chain and logistics

To introduce new products and services or improve existing offerings (correct)

To handle customer support and complaints

Which type of market integration involves acquiring businesses that operate earlier in the supply chain?

Backward Vertical Integration (correct)

Forward Vertical Integration

Conglomerate Integration

Horizontal Integration

What does the term 'market space' refer to in the context of business and commerce?

The overall size and potential of a particular market segment

The geographic area in which a company operates and sells its products

A physical marketplace where buyers and sellers interact

An online platform where customers and suppliers can find and engage with each other (correct)

Which type of market integration involves combining businesses that operate at the same stage of the production process within the same industry?

Horizontal Integration Signup and view all the answers

What is the primary characteristic that distinguishes a global corporation from other types of companies?

They extend their operations and activities beyond the borders of one country Signup and view all the answers

Which type of market integration covers the manufacturing of goods across various sectors of the economy, including the processing of materials from the primary sector?

Conglomerate Integration Signup and view all the answers

Which of the following statements about globalization is NOT true?

It leads to the homogenization of cultures and the loss of cultural diversity. Signup and view all the answers

What is the primary purpose of deregulation in a particular industry?

To generate more competition and foster a free market environment. Signup and view all the answers

Which of the following is NOT a component of the Human Development Index (HDI)?

Environmental sustainability Signup and view all the answers

What is the primary purpose of industrialization?

To drive technological modernization and social transformation. Signup and view all the answers

Which of the following is NOT a characteristic of a competitive advantage for a firm?

Higher production costs than competitors. Signup and view all the answers

What is the primary purpose of liberalization in the context of international trade?

To provide freedom for businesses to engage in commerce and trade globally. Signup and view all the answers

Which agency is primarily focused on improving food security?

Food and Agriculture Organization Signup and view all the answers

Which two agencies are part of the Bretton Woods institutions?

World Bank and IMF Signup and view all the answers

Which agency is responsible for advancing social and economic justice through setting international labor standards?

International Labor Organization Signup and view all the answers

Which agency's primary role is to direct international health within the UN system?

World Health Organization Signup and view all the answers

Which agency's mandate is to reduce poverty and raise living standards globally?

World Bank Signup and view all the answers

Which agency helps protect important cultural and historic sites across the globe?

UNESCO Signup and view all the answers

What distinguishes a transnational company from a multinational company?

Transnational companies have centralized decision-making and coordinated product offerings across countries. Signup and view all the answers

Which of the following is NOT one of the principal bodies of the United Nations?

UN Peacekeeping Forces Signup and view all the answers

What is the primary function of the International Court of Justice?

To settle disputes between states based on international law. Signup and view all the answers

Which of the following statements about the UN General Assembly is correct?

It is the main deliberative body of the UN, where all members have equal representation. Signup and view all the answers

What is the role of the UN Secretariat?

To implement policies set by the UN's deliberative bodies and dispatch peacekeeping missions. Signup and view all the answers

Which of the following statements about international companies is correct?

International companies are importers and exporters, typically without investment outside their home country. Signup and view all the answers

What is the primary purpose of privatization according to the text?

To allow the free flow of industrial, trade and economic activity across borders Signup and view all the answers

Which of the following is NOT considered a major force of globalization according to the text?

Centralization Signup and view all the answers

Which sector of the economic system covers the manufacturing of goods, including the processing of materials produced by the primary sector?

Secondary Sector Signup and view all the answers

What is the defining characteristic of the Third Sector according to the text?

It belongs to neither the public nor the private entities Signup and view all the answers

What is the primary function of television according to the text?

To connect the world through one-way communication Signup and view all the answers

What does the term "People" refer to according to the text?

All of the above Signup and view all the answers