Globalization

The increase in the flow of goods, services, capital, people, and ideas across international boundaries.

• Expansion

• Innovation

• Globalism

• Globalization

Advancement in technology and declining barriers to the free flow of goods, services and capital

• Markets can be segmented by

• Advantages of Globalization

• Drivers for globalization

• Disadvantages of Globalization

Is a type of Globalization that increase the exchange of culture between different societies around the world.

• political globalization

• Cultural globalization

• Ethnocentric

• Economic globalization

The World Trade Organization ________.

• advises developing countries on issues of trade barriers

• promotes long-term economic development and poverty reduction

• exists to help countries conduct trade through a system of rules

• facilitates trade among third-world countries and developed nations

Which of the following is a type of Globalization that refers to the increasing integration of international trade and investment into global economics.

• political globalization

• Cultural globalization

• Ethnocentric

• Economic globalization

A manager who wishes to be successful in international business should avoid a(n) ________ attitude.

• multicultural

• multiracial

• ethnocentric

• geocentric

Managers with a(n) ________ attitude view every foreign operation as more different and hard to understand.

• geocentric

• polycentric

• ethnocentric

• regiocentric

A Corporation maintains production facilities in 13 different countries on three continents Each firm is managed by a native of the country where it is located. This practice is indicative of a(n) ________ attitude.

• ethnocentric

• geocentric

• polycentric

• multicentric

In today's global environment, managers must have a(n) ________ attitude to be successful.

• ethnocentric

• parochial

• polycentric

• geocentric

Which of the following is a typical definition of a multinational corporation?

• It is a company that maintains operations in multiple countries.

• It is a company that maintains franchises in multiple countries.

• It is a company that has multiple home bases and manufacturing plants.

• It is a company that pays corporate taxes in at least two countries.