Chapter 2

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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.


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