Global Society

Which of the following is a reason a global brand is available in the U.S.?

• It is manufactured locally.

• It is imported from other countries.

• It is only available online.

• It is a domestic brand.

Private enterprises operate __________ from the government and serve customer needs.

• independently

• dependently

• in conjunction

• under supervision

Owned by __________ or groups, not by the government.

• individuals

• corporations

• non-profits

• government agencies

The goal is to __________ money by selling things or offering services.

• make

• spend

• lose

• waste

Private enterprises play a role in making __________ better and driving progress forward.

• economies

• environments

• technologies

• societies

Innovation: Create __________ things to improve people's lives.

• new

• old

• ordinary

• common

What is the definition of Globalization?

• The process that connects businesses worldwide, helping global trade and investment.

• A way to get more customers (Access to new markets and customers)

• Increase profit by decreasing expenses (Lower Production Costs)

What is the term for a company operating in multiple countries?

• Multinational Corporation

• Local Business

• Domestic Enterprise

• Regional Firm

What is the term for adjusting products and strategies to align with different cultural needs?

• Adjusting products and strategies to align (fit) with different cultural needs.

• Cultural adaptation

• Global standardization

• Market homogenization

What is the term for the duty of businesses to contribute positively to society and minimize environmental impact?

• Corporate Social Responsibility

• Profit Maximization

• Market Expansion

• Cost Reduction