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Globalization Flashcards | StudBud
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Globalization
Globalization
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#globalization #buisness
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
A manufacturer in Singapore pays kraft for the right to the planters name. Is this franchising?
True
False
2
Which is
not
a reason why business enter foreign markets?
To remain competitive
To expand markets
To make production more expensive
To make money
3
What makes globalization not always beneficial?
Disagreements in laws around the world
Culture
Taxes
Wars
4
What is one way that new technology has aided globalization?
cell phones can reach people in other countries
New cloth production methods aid in mass production
Social media allows us to follow people around the world
Government cenorahip allows people to keep native culture
5
Which is
not
a cause of rapid globalization?
New technology
Accessible transportation
Lessened political barriers
President Trump
6
In economic terms, what is globalization?
Flow of labour, capital and ideas across national borders.
Companies expanding across the world and regions.
A globe
Companies trading with each other.
7
What is globalization?
Manufacturing of goods
Communication of people around the world
Movement of business
Imports and exports
8
Is decreased overhead an advantage or disadvantage?
Disadvantage
Advantage
9
What is brain drain?
Descreasing plotocla barriers
Expanding markets
countires losing talent
Moving operations
10
What is one thing you won't need to know before exlanding a company?
if shipping will cost a lot
if products will be different
If production will be from different people
If production will be faster
11
Which of the following is
not
a consequene of globalization?
Terrorism
Increased gas prices
destruction of culture
Pollution
12
Which isn't an advantage of globalization?
Lower costs
Decreased overhead
Offshoring
Higher profits
13
globalization is only beneficial for companies.
true
False
14
When have a _____ with another company it reduces the risk of going global
Détente
Agreement
Accord
Joint venture
15
What is the first thing a business should do before expanding?
Increase wages
Buy housing
Plan for expanding
Conduct thorough research
