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343543252414 Essay

1248 words - 5 pages

Chapter 2 Globalization of Markets and the Internationalization of the Firm

1) Globalization of production activities and services is a dimension of market globalization.
Answer: TRUE

2) Companies strive to drive down prices through economies of scale, by standardizing what they sell.
Answer: TRUE

3) Falling trade barriers are facilitated by the WTO.
Answer: TRUE

4) Technological advances have helped make internationalization affordable for all sizes of firms.
Answer: TRUE

5) The Internet has increased the cost of transmitting voices, data, and images.
Answer: FALSE

6) Mobile phones are the most transformative technology in developing economies.
Answer: TRUE
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10) In describing the main driver behind Pax's expansion to China, Rashid is most likely to emphasize ________.
A) high rate of employee attrition in China
B) advances in technology
C) reduction of barriers to trade
D) integration of world financial markets
Answer: C

11) Financial market integration makes it possible for internationally active firms to ________.
A) nationalize manufacturing industries
B) minimize offshoring
C) increase tariffs on the import of automobiles and industrial machinery
D) engage in foreign currency transactions
Answer: D

12) The globalization of finance ________.
A) enables companies to minimize offshoring
B) contributes to firms' abilities to develop and operate world-scale production and marketing
C) discourages innovation
D) discourages free international exchange of goods and services
Answer: B

13) Which of the following statements is true of technological advances?
A) It provides a means for globalization to happen.
B) It discourages internationalization.
C) It inhibits the growth of new products and services.
D) It helps consolidate traditional values among consumers worldwide.
Answer: A

14) ________ are the most transformative technology in developing economies.
A) Mobile phones
B) Televisions
C) Intranets
D) E-mails
Answer: A

15) Technological advances have contributed to manufacturing by ________.
A) promoting traditional lifestyles and values
B) reducing cross-border flow of factors of production
C) promoting nationalization
D) reducing production costs
Answer: D

16) The ability of a nation to govern its own affairs is known as ________.
A) sovereignty
B) liberalization
C) interdependence
D) homogenization
Answer: A

17) The relocation of manufacturing and other value-chain activities to cost-effective locations abroad is known as ________.
A) insourcing
B) cultural imperialism
C) contagion
D) offshoring
Answer: D

18) An underground economy ________.
A) refers to the informal economic sector
B) refers to the formal economic sector
C) is characterized by dominantly legal transactions
D) is regulated and monitored by public authorities
Answer: A

Acme Software (Scenario)
Acme Software is a U.S.-based maker of software products for the health care industry. Recently Acme has been investigating whether it would be beneficial to internationalize some of its value-chain activities. Acme hires a consulting group to help determine which, if any, value-chain activities could be conducted abroad to promote business growth. The consulting group identifies two health care software development companies in India that could provide programming services at a lower cost than Acme's current expenditures for programming. In addition, the consultants conduct international market research which shows that German health care companies have a strong demand for the type of software that Acme offers.

19) Which of the following activities in Acme's...

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