(P) L3: Market Integration (Transes-based)

Question 1

This is the result of the establishment of a global economy that involved the homogenization of trade and commerce

Answer 1

Global Market Integration

Question 2

This refers to the process of making things uniform or similar, allowing different establishments, big or not, to work together globally

Answer 2

Homogenization

Question 3

T or F: Many countries across the world are trading their products and/or services only to their domestic country

Answer 3

False

Question 4

Enumerate the different companies

Answer 4

Conglomerate
International Companies
Transnational Companies (TNCs)
Multinational Companies
Global Companies

Question 5

This is a corporation of several different (sometimes unrelated) business

Answer 5

Conglomerate

Question 6

Refers to when one company owns a controlling stake in several smaller companies, conducting business separately and independently

Answer 6

Conglomerate

Question 7

An example of this is Bench which handless Bench Barbers, Kashieca, Human

Answer 7

Conglomerate

Question 8

These are those that sell their product in foreign countries by exporting and might as well involve importing

Answer 8

International companies

Question 9

These don’t have any foreign direct investment in the countries (no establishments) and decision-making functions is always taken from the home country of the company

Answer 9

International companies (like Walmart which only exports)

Question 10

These are more complex organizations that have investments in foreign operations, have a central corporate facility, but give decision-making, R&D, an marketing powers to each individual foreign markets

Answer 10

TNCs

Question 11

T or F: TNCs differ from international companies as the latter lets their foreign countries decide

Answer 11

False (reverse, TNCs are the ones that let their foreign companies decide; International companies have decision-making in their home country)

Question 12

An example of this would be Telus International

Answer 12

TNCs

Question 13

These have facilities and other assets in at least one country other than its home country; generally has offices and/or factories in different countries and a centralized head office where they coordinate global management

Answer 13

MNCs

Question 14

T or F: MNCs’ decision-making is more focused on adapting their quality servicces to each local market

Answer 14

True

Question 15

An example of this type of company would be Nestle

Answer 15

MNC

Question 16

T or F: Global companies and MNCs are almost the same

Answer 16

True

Question 17

Which has a wider scope between global companies and MNCs?

Answer 17

Global companies

Question 18

SM Prime Holdings is an example of which type of company?

Answer 18

Conglomerate and international company

Question 19

Who founded SM?

Answer 19

Henry Sy

Question 20

Term which refers to an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state

Answer 20

Capitalism

Question 21

Term which refers to the working class/ wage-workers

Answer 21

Proletariat

Question 22

Term which refers to a dominant position of an industry or a sector by one company, to the point of excluding all other viable competitors (Siya lang nagbebenta ng product or ganoong service)

Answer 22

Monopoly

Question 23

T or F: Workers belong to the lowest or one of the lowest economic or social class

Answer 23

True

Question 24

Term which refers to the priority to general rules applying equally to all persons, and therefore the rejection of particularistic preferences in most spheres

Answer 24

Universalism

Question 25

Term which refers to a business organization that sells goods or services to make a profit

Answer 25

Firm

Question 26

Term which refers to a company that belongs to another company, which is usually referred to as the parent company or the holding company

Answer 26

Subsidiary

Question 27

T or F: In conglomerates, subsidiaries are those different types of business/branches

Answer 27

True