Chapter 2
Information technology has created a competitive advantage for firms by allowing them more opportunities to outdo their competitors.
Which of the following statements regarding information technology is accurate?
Value Chain
Which of the following terms represents the arrangement of activities conducted by a company in the course of creating, manufacturing, promoting, and servicing a product?
Second phase
Which phase of globalization is composed of the growth and supremacy of multinational enterprises in the industrial and agricultural industries?
Market liberalization and implementation of open markets
China, India, and Eastern Europe have become known as cost-effective places for producing goods and services, and they have attracted an increasing amount of foreign capital into their economies. Which driver of globalization best explains this occurrence?
advances in technology, including communications, data, and engineering
One of the most noteworthy influences on globalization has been ________.
Value Chain
The greatest significance of globalization is reflected directly in a company's ________.
Regulate financial institutions appropriately.
What should governments do to reduce the harm of globalization while also acquiring the benefits associated with globalization?
offshoring
When a company transfers its value-chain activities by launching a subsidiary in a foreign country, it is called ________.
Economic development and industrialization
Which cause of globalization best explains why some emerging markets have increased their standards of living and become competitive producers and exporters of computers and software?
Progression of international investments and financial activities
Which dimension of globalization involves the unrestricted movement of capital and the expanded networks of economies throughout the world?
Contagion
Which of the following represents the trend of economic disaster spreading from one country to another?
Globalization of markets
________ refers to the steady assimilation and increasing interdependence of economies.
