Globalization

Which of the following best defines globalization?

• The process of increasing economic and cultural interdependence among countries

• The expansion of a company into foreign markets

• The development of new communication technologies

• The growth of international trade and investment

Which of the following is NOT a main factor of globalization?

• Technological advancements

• Political changes

• Cultural homogenization

• Economic liberalization

Which theorist is associated with the concept of competitive advantage?

• Adam Smith

• David Ricardo

• Michael Porter

• Joseph Stiglitz

Which of the following is NOT an example of a multinational company?

• Apple

• McDonald's

• The World Bank

• Toyota

What is a potential positive impact of a multinational company on a host country?

• Exploitation of resources

• Job creation

• Market dominance

• Cultural erosion

Which of the following is a potential negative impact of a multinational company on its home country?

• Increased profits

• Access to foreign markets

• Outsourcing and job losses

• Enhanced global reputation

Which of the following is NOT a market entry strategy?

• Exporting

• Licensing

• Diversification

• Franchising

Which of Michael Porter's generic strategies involves focusing on a specific market segment or niche?

• Cost leadership

• Differentiation

• Focus

• Integration

What is the main goal of international institutions like the United Nations, the World Trade Organization, and the International Monetary Fund?

• Promoting economic growth in developing countries

• Protecting the interests of multinational companies

• Facilitating international cooperation on political, economic, and social issues

• Encouraging cultural exchange and understanding

Which of the following best describes the term "exporting" as a market entry strategy?

• Granting a foreign company the rights to use a firm's intellectual property

• Selling a company's products or services in foreign markets

• Establishing a partnership with a foreign company to share resources and capabilities

• Acquiring or building a facility in a foreign country to directly produce or deliver goods or services