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The globalization of markets refers to the merging of historically distinct and separate national markets into:

A. Markets defined by a common language
B. One huge global marketplace
C. Markets defined by a common culture
D. Several distinct regional markets

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Which of the following markets has experienced the highest degree of globalization?

A. Services
B. Industrial goods and materials
Consumer products
D. Intellectual capital

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The globalization of production refers to:

A. The tendency among firms to recruit production workers from foreign countries
B. The tendency among firms to move production facilities to foreign countries where wage rates are lower
C. The tendency among firms to use similar production methods
D. The tendency among firms to source goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production

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In producing its latest mainframe computer, IBM purchased goods and services from different suppliers around the globe in an attempt to take advantage of national differences in the cost and quality of factors of production. This practice is made possible by the globalization of:

A. Production
B. Commerce
C. Markets
D. Finance

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An international firm like 3M may design a product in one country, produce component parts for the product in another country, assemble the product in a third country, and export the product to several other countries. This scenario is made possible by:

A. The globalization of management
B. The globalization of marketing
C. The globalization of production
D. The globalization of technology

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The globalization of markets refers to the merging of historically distinct and separate national markets into:

A. Markets defined by a common language B. One huge global marketplace C. Markets defined by a common culture D. Several distinct regional markets

Which of the following markets has experienced the highest degree of globalization?

The globalization of production refers to:

In producing its latest mainframe computer, IBM purchased goods and services from different suppliers around the globe in an attempt to take advantage of national differences in the cost and quality of factors of production. This practice is made possible by the globalization of:

An international firm like 3M may design a product in one country, produce component parts for the product in another country, assemble the product in a third country, and export the product to several other countries. This scenario is made possible by:

A. Markets defined by a common language
B. One huge global marketplace
C. Markets defined by a common culture
D. Several distinct regional markets