D080 study for OA Questions and Answers Graded A
What is globalization? ✔✔as international integration arising from the exchange of world views,
products, ideas, and other aspects of culture.
What is Culture Globalization? ✔✔refers to the transmission of ideas, meanings, and values
around the world in such a way that extends and intensifies social relations.
What is Political Globalization? ✔✔Refers to the emergence of an increasing number of global
institutions such as the growth of both intergovernmental organizations and nongovernmental
organizations
What is Economic Globalization? ✔✔A process of increasing cross-border flows of capital,
goods, services, and people
What is International Business? ✔✔the buying, selling, and trading of goods and services across
national boundaries
What is intellectual property? ✔✔a work or invention that is the result of creativity, such as a
manuscript or a design, to which one has rights and for which one may apply for a patent,
copyright, trademark, etc.
What is the FIRST stage of going global? ✔✔Market entry- companies enter new countries
using business models similar to the ones deployed in their home markets. To gain access to
local customers, however, companies often need to establish a production presence, either
because of the nature of their businesses, such as in-service industries like food, retail, or
banking, or because of local countries' regulatory restrictions, such as in the auto industry.