Exam 1: Globalization

Scenario: Jeans Unlimited Jeans Unlimited produces clothing for young adults. It designs its clothes at its New York headquarters and produces them at facilities located in two Southeast Asian countries. The company recently received negative press after one of its facilities was found using questionable labor practices, such as, employing children and operating in a manner that damages the environment. -Jeans Unlimited manufactures its clothing at facilities located in two Southeast Asian countries.The dispersal of manufacturing activities by the company indicates ________.

Olive oil prepared in a small Italian oil press factory and sold by large supermarkets in the United States is an example of a ________.

Describe key characteristics of a born global firm,and explain why a born global firm would be attuned to international firm management.

Identify the World Trade Organization's (WTO)three main goals and explain how the WTO differs from the General Agreement on Tariffs and Trade (GATT).

Under the WTO agreement,________.

Most companies today operate in an environment of increased transparency and scrutiny regarding their business activities.This is due to ________.

Scenario: Jeans Unlimited Jeans Unlimited produces clothing for young adults. It designs its clothes at its New York headquarters and produces them at facilities located in two Southeast Asian countries. The company recently received negative press after one of its facilities was found using questionable labor practices, such as, employing children and operating in a manner that damages the environment. -Jeans Unlimited plans to set up new facilities that are designed specifically to reduce impact on the environment.The management has emphasized on recycling and reusing most of their resources.What concept is the company emphasizing on in this scenario?

Which of the following is NOT a likely reason to study international business?

________ involves the idea that a nation-state is autonomous,cannot intervene in the affairs of other nations,and can enter into binding international agreements.

The term ________ refers to entities cooperating across national boundaries.

Crystal Inc.is a multifaceted company that deals with the mining,cutting,and selling of diamonds.It gives distributors and suppliers access to its database to place orders or restock inventories electronically and automatically.Which of the following is the network implemented in the company?

The General Agreement on Tariffs and Trade (GATT)was designed to promote free trade by reducing both tariffs and nontariff barriers to international trade.

The ________ is an agency created to provide financing for national economic development efforts.

International business includes all commercial transactions between two or more countries.

Which of the following statements is true of developing countries that have embraced globalization?

Globalization's impact on jobs and wages is an important topic for debate.Discuss the major points for globalization in the jobs and wages debate,and describe how the actions of large multinational corporations affect the issues in the jobs and wages debate.

Scenario: Topsy Turvey Toys and Ureshi Toys Topsy Turvey Toys is a U.S.-based toy retailer that buys all its merchandise from Ureshi Toys, a Japan-based toy manufacturer with production facilities in twelve nations. Ureshi Toys markets its toys globally without modification. -Ureshi Toys is an example of a(n)________.

Research shows that pollution-intensive U.S.companies tend to invest in nations with lenient environmental standards.

________ is defined as the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service.

Summarize each benefit a company might obtain from the globalization of markets.