short q and a

Question 1

what are the three globalization strategies?

Answer 1

Global standardization, strategy, localization, or multi domestic strategy transnational strategy

Question 2

what are the advantages of a global standardization strategy?

Answer 2

Economies of scale and proportionate cost savings

Question 3

What are the disadvantages of global standardization strategy?

Answer 3

Does not respond to individual cultures requires significant organization and communication between countries

Question 4

What is a multi domestic strategy?

Answer 4

investing in other countries with decentralized decisions to meet local needs and customs

Question 5

what are the advantages of a multi domestic strategy?

Answer 5

Less political risk increased product differentiation greater response to local needs

Question 6

What are the disadvantages of a multi domestic strategy?

Answer 6

more expensive to implement reduces economies of scale

Question 7

what is a transnational strategy?

Answer 7

Combining elements of global and multi domestic strategies with local decision-making

Question 8

what what are the advantages of a transnational strategy?

Answer 8

Combines global efficiency with local responsiveness

Question 9

what are the disadvantages of a transnational strategy?

Answer 9

More complex organizations

Question 10

What is the TPP?

Answer 10

The transpacific partnership is a proposed trade agreement. I’m on 12 Pacific rim countries.

Question 11

what is Luxx leaks?

Answer 11

Release of documents in 2014, revealing tax, avoidance schemes, and Luxenberg

Question 12

what is the purpose of the European Union?

Answer 12

Promote economic and political cooperation among member states

Question 13

what are the three governing bodies of the EU and what are their purposes?

Answer 13

European commission (purposes and enforces laws) European Council (sets political direction), European parliament (debates and passes)

Question 14

what are the three expected benefits from CETA?

Answer 14

Increased trade, enhance regulatory cooperation, job creation

Question 15

what are the three pillars of APEC?

Answer 15

trade an investment, liberalization, business, facilitation, economic, and technical cooperation

Question 16

what does the WTO do

Answer 16

Provides a forum for trade, negotiations, set rules for trade and settles disputes

Question 17

what is the purpose of G7?

Answer 17

Discuss macro economic issues and address, global challenges like climate control, and terrorism

Question 18

What does G10 focus on?

Answer 18

Major world economies issues, and promoting global economic stability

Question 19

What is BRICS?

Answer 19

Un Aso ation of five major, emerging economies, Brazil, Russia, India, China, South Africa

Question 20

What is the mission of the OECD?

Answer 20

Promote economic growth, employment, standard of living, financial stability and world trade

democracy and market economies

Question 21

what are the main activities of the world bank?

Answer 21

Lending money to develop in countries and providing training and banking regulations, and exchange rates

Question 22

what does the IMF do? (international monetary fund.)

Answer 22

Promotes financial stability, economic growth and poverty reduction through economic policies in lending

Question 23

What is the OPEC?

Answer 23

Organization of petroleum, exporting countries, coordinating petroleum policies among member countries

Question 24

what is Grexit and Brexit?

Answer 24

Grexit refers to grease potentially leaving the zone. Brexit refers to the UK leaving the EU.

Question 25

what is corporate social responsibility (CSR)

Answer 25

A companies commitment to conduct business ethically and contribute positively to society

Question 26

what are some benefits to CSR?

Answer 26

Marketing tool, avoids government regulation attracts excellent employees

Question 27

What are some criticisms of CSR?

Answer 27

Cost money, distraction, profit maximization may be used to distract from other issues

Question 28

what is a primary stakeholder?

Answer 28

Individuals or groups directly affecting the company success, example employees, customers, etc.

Question 29

what is a secondary stakeholder

Answer 29

Individuals or groups, indirectly affecting the company, example, competitors, and the government

Question 30

what are business ethics?

Answer 30

Rules or guidelines for ethical decision-making in business

Question 31

what is ethical imperialism?

Answer 31

Belief that certain universal truths or values are standard across all cultures

Question 32

what is cultural relativism

Answer 32

Believe that right and wrong depend on local values and cultural context

Question 33

what is the test of disclosure?

Answer 33

Ethical decision making tool asking how one would feel if a decision was publicly known

Question 34

what are the two main types of environmental issues?

Answer 34

Pollution and resource depletion

Question 35

what is a sweatshop?

Answer 35

Factories with unsafe conditions, unfair treatment, and low wages in underdeveloped countries

Question 36

what is the biggest sweatshop tragedy?

Answer 36

Plaza collapse in Bangladesh in 2013

Question 37

What are the different forms of corporate corruption?

Answer 37

Bribery, fraud embezzlement

Question 38

What is the corruption perceptions index?

Answer 38

Ranks countries by perceived levels of public sector, corruption

Question 39

what is dumping?

Answer 39

Selling products in a foreign country below production cost or Home country price

Question 40

what is predatory dumping?

Answer 40

Pricing products below market value to eliminate competition

Question 41

what is subsidizing?

Answer 41

Financial assistance from the government to support importing goods

Question 42

what is a microcredit?

Answer 42

Small loans to spur entrepreneurship in underserved communities

Question 43

what is a kiva?

Answer 43

A nonprofit facilitating micro finance through an online lending platform

Question 44

what is an NGO?

Answer 44

A nonprofit organization with a service and development focus

Question 45

give examples of ngos

Answer 45

Doctors without borders, world wildlife fund UNICEF

Question 46

what is ISO certification?

Answer 46

Certification, ensuring quality, safety, and efficiency across industries

Question 47

What are the advantages of ISO certification?

Answer 47

enhances credibility, improves processes, ensures compliance