International Business and Globalization
5 Questions
0 Views

International Business and Globalization

Created by
@PreciousPanda

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is one of the benefits of globalization for developing areas?

  • It creates a culture of fear.
  • It leads to job transfers to lower cost areas.
  • It increases poverty among the poor.
  • It opens up opportunities for development. (correct)

    • What is a significant difference when managing an international business compared to a domestic business?

  • International businesses must adapt to different government limits. (correct)
  • The range of problems is narrower in international business.
  • International businesses have standardized regulations.
  • Domestic businesses involve transactions solely in one currency.

    • Which statement accurately reflects a disadvantage of globalization?

  • It results in higher job security for workers.
  • It may trap the poor deeper in poverty. (correct)
  • It can lead to increased standards of living in all countries.
  • It enhances the ability to communicate globally.

    • What does Containerization primarily facilitate?

    <p>The efficient loading and shipping of goods.</p> Signup and view all the answers

    What defines a Multinational Enterprise (MNE)?

    <p>A company with productive activities in multiple countries.</p> Signup and view all the answers

    Study Notes

    Globalization

    • Involves sourcing goods to take advantage of cost and quality differences in factors of production
    • Can lead to increased trade and job opportunities
    • May help develop poorer areas of the world
    • Potentially increases standards of living
    • Facilitates communication, collaboration, and knowledge sharing globally

    Cons of Globalization

    • May lead to job displacement due to lower cost areas
    • Can trap people in poverty
    • Fosters a culture of fear for some
    • May create a race to the bottom in terms of wages

    Managing International Business

    • Requires consideration of cultural differences
    • Involves a wider and more complex range of problems
    • Requires navigating government regulations and restrictions
    • Involves currency conversion for transactions

    Containerization

    • Refers to the loading and shipping of containers on ships
    • Has led to a decline in break-of-bulk shipping

    Foreign Direct Investment (FDI)

    • Involves a firm investing resources into business activities outside its home country

    Multinational Enterprise (MNE)

    • A business that has productive activities in two or more countries

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    This quiz explores the dynamics of globalization, including its benefits and drawbacks. It covers aspects of international business, such as managing cultural differences and foreign direct investment. By understanding these concepts, learners can appreciate the complexities of global trade and investment.

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser