10 Questions
Which of the following best describes the difference between globalization and internationalization?
Globalization is more about inter-connectivity, while internationalization is a macroeconomic phenomenon.
What is the main driver behind the globalization of markets?
The unprecedented growth of international trade.
Which of the following is NOT a benefit of globalization?
Reduced marketing costs due to the need to adjust to local markets.
What does the globalization of production activities aim to achieve?
Minimize costs or maximize quality.
Which of the following is NOT a factor contributing to the changing nature of international business?
The reshoring of human capital.
Which of the following is a factor contributing to the changing nature of international manager's jobs?
Lowering of cultural barriers
What is the term used to describe the integration of systems, processes, and organizations in electronic business?
E-business
What is the main driver behind the globalization of human capital?
Falling barriers to trade and investment
What is the term used to describe the dispersion of technology around the world by multinational enterprises?
MNE
Which of the following is NOT a technology that has contributed to the globalization of business?
Regional trade agreement
Test your knowledge on the characteristics and impacts of globalization, including denationalization, internationalization, global versus local perspectives, globalization of markets, production dispersal, and human capital.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
