The two main components of globalization are:
A. The globalization of technology and the globalization of markets
B. The globalization of finance and the globalization of accounting
C. The globalization of advertising and the globalization of services
D. The globalization of markets and the globalization of production
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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?
A. Services
B. Industrial goods and materials
Consumer products
D. Intellectual capital
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
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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