Globalization has __________ the opportunities for a firm to expand its revenues by selling around the world and __________ its costs by producing in nations where key inputs are cheap.
A. Reduced, reduced
B. Increased, increased
C. Increased, reduced
D. Reduced, increased
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_________ refers to the shift toward a more integrated and interdependent world economy.
A. Cross-border proliferation
B. Globalization
C. Worldwide consumerism
D. Internationalization
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
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
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