Business in a Global Economy Lessons 1&2

India is the world's 2nd largest economic power.

The Internet is a factor that facilitates globalization.

Globalization causes political changes.

Nike is a global brand.

Offshoring is the same as:

International trade is beneficial to everyone.

Why do businesses globalize?

Also known as advanced, these countries are highly industrialized.

Industrial markets include:

Globalization causes cultural changes.

The international economy is too large to monitor or regulate.

Good products sell equally well all over the globe.

Economic system of exchanging goods/services btw individuals & businesses in other countries.

Searching for the best fit in terms of labor, capital and/or land that a firm buys is called

Only large companies benefit from globalization.

Which is a type of commodity?

____occurs when goods, services or information are traded across borders.

The process of adding value through the stages of production is called:

Transferring the management or day-to-day operations of a business abroad is called

_____are where existing or potential buyers meet sellers of goods, services or information.

Pollution is a factor that facilitates globalization.

What is a quota?

International jobs are jobs you do in other countries.

Goods made here and sold overseas are called

_________is when companies move and/or expand their manufacturing internationally to cuts costs