Exam 14: International Dimension 1 - the Global Economy

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Royalty-free is the Getty licensing model by which customers contract to use as many images as they want.

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Plentiful,cheap telecommunications enabled people worldwide to participate in the global economy.

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Describe the three licensing models used by Getty Images.

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Getty Images employs three licensing models: The first is subscription,by which customers contract to use as many images as they want as often as they want.This applies to the news,sport,and entertainment imagery.The second model is royalty-free.In this model,customers pay a fee based on the file size of the image and can use the image any way they want and as many times as they want.However,under this model,customers have no exclusivity or ability to prevent a competitor from using the same image at the same time.The third model,rights managed,also licenses creative imagery.In this model,which is the largest in revenue terms,users pay fees according to the rights that they wish to use-size,industry,geography,prominence,frequency,exclusivity,and so on.

Because Getty Images licenses photos in digital format,its variable cost of production is essentially zero.

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The growth in the world economy has major impacts on all activities in the value chain model.

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Today's global economy changes competitive strategies analysis in two major ways.Which of the following is one such way?

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In this licensing model used by Getty Images,customers pay a fee based on the file size of the image and can use the image any way they want and as many times as they want.However,under this model,customers have no exclusivity or ability to prevent a competitor from using the same image at the same time.

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Which of the five components of an information system is least impacted by internationalization?

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Why is hardware the only component of an information system that is not affected by the global economy?

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The global economy has intensified rivalry by increasing product and vendor choices and by accelerating the flow of information about price,product,availability,and service.

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How many people according to Thomas Friedman's estimation,have been added to the world economy from 1991 until now?

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The growth in the world economy has major impacts on ________ activities in the value chain model.

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The sheer size and complexity of the global economy means that any organization that chooses a strategy to compete industry-wide is ________.

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Of the five components to an information system,the hardware component is the most impacted by internationalization.

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Thomas Friedman estimates that some 30 billion people have been added to the world economy since 1991.

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Information systems procedures need to reflect local cultural values and norms..

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The changes brought about by the emergence of a global economy have been so dramatic that the structure of seemingly every industry has changed.

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Because Getty Images licenses photos in digital format,its overhead costs of setting up and operating the e-commerce site is essentially zero.

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How does the global economy change competitive strategy?

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