Exam 2: Globalization of Markets and the Internationalization of the Firm

________ are the most transformative technology in developing economies.

________ refers to the sequence of value-adding activities performed by the firm in the course of developing, producing, marketing, and servicing a product.

The science and process of creating and using information resources is known as ________.

The fourth phase of globalization ________.

Falling trade barriers are facilitated by the WTO.

Which of the following statements is true about value chain and international business?

The globalization of finance ________.

Acme Software (Scenario) Acme Software is a U.S.-based maker of software products for the health care industry. Recently Acme has been investigating whether it would be beneficial to internationalize some of its value-chain activities. Acme hires a consulting group to help determine which, if any, value-chain activities could be conducted abroad to promote business growth. The consulting group identifies two health care software development companies in India that could provide programming services at a lower cost than Acme's current expenditures for programming. In addition, the consultants conduct international market research which shows that German health care companies have a strong demand for the type of software that Acme offers. -Which of the following would be most important for the consulting group to consider when deciding whether to recommend that Acme internationalize its sales efforts to Germany?

In a "common market," barriers to the cross-border flow of factors of production are removed.

In a short essay, discuss the impact of globalization on Africa.

How has the adoption of free markets worldwide served as a driver of market globalization? Provide three examples to support your answer.

The first phase of globalization was characterized by the ________.

The most direct implication of market globalization is on the firm's ________.

Firms expand abroad solely as a reaction to market globalization.

Over time, the GATT evolved into the ________.

The first wave of offshoring began in the 1990s with the exodus of service-sector jobs in credit card processing, software code writing, accounting, health care, and banking services.

Which of the following is characteristic of globalization of markets?

Global Operations Report (Scenario) As Vice President of Global Expansion for Pax Telecom, Deva Mikiri is tasked with preparing a comprehensive report on the company's global operations over the past twenty years. Deva assigns three strategists to collaborate on the History portion of the report, which details the rationale behind Pax's decisions to expand operations in particular areas. Rashid Ahl focuses on early expansion to China, which occurred after China began to make its market more accessible to foreign companies. Markus Teller focuses on Pax's expansion to Eastern Europe, which was motivated by increased industry privatization in key countries. Lavonne Jackson focuses on expansion to Japan, which happened when the company's commercial bank expanded its service network to Asia. -________ marked the end of the 50-year Cold War and smoothed the integration of former command economies into the global economy.

In a short essay, identify the four areas in which technological advances had their greatest impact on business. Describe the impact of each area on business today.

Global Operations Report (Scenario) As Vice President of Global Expansion for Pax Telecom, Deva Mikiri is tasked with preparing a comprehensive report on the company's global operations over the past twenty years. Deva assigns three strategists to collaborate on the History portion of the report, which details the rationale behind Pax's decisions to expand operations in particular areas. Rashid Ahl focuses on early expansion to China, which occurred after China began to make its market more accessible to foreign companies. Markus Teller focuses on Pax's expansion to Eastern Europe, which was motivated by increased industry privatization in key countries. Lavonne Jackson focuses on expansion to Japan, which happened when the company's commercial bank expanded its service network to Asia. -To which of the following drivers of market globalization is Markus most likely to attribute his company's expansion to Eastern Europe?