Going Global strategy MCQ
What is the name given to firms that defy the conventional wisdom that it is necessary to have evolved into a large firm to internationalize?
Early internationalizers
Born global
Rapid expanders
Small globalizers
Answer
Correct Answer:
Born global
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What does glocalization mean?
Homogenization of the local into the global
Harmonization of the local and the global
Assimilation of the local by the global
Hybridization of globalization and localization
Answer
Correct Answer:
Hybridization of globalization and localization
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Foreign Direct Investment (FDI) involves __________________.
Buying shares in foreign companies listed on a stock exchange
Investment by a company based in one country in a company based in another country
Cross-border trade relations through exports and/or licensing agreements
The exploitation of less developed countries by Western firms
Answer
Correct Answer:
Investment by a company based in one country in a company based in another country
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Americanization refers to:
The rise in popularity of American brands
The influence of American culture on the culture of other countries
The increase in American corporations entering into cross-border mergers and acquisitions
All of the above
Answer
Correct Answer:
The influence of American culture on the culture of other countries
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Globalization is often associated with:
Westernization
Americanization
Homogenization
All of the above
Answer
Correct Answer:
All of the above
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Which of the following erects obstacles and barriers to globalization?
States and governments
Industrial players
Trade unions
All of the above
Answer
Correct Answer:
All of the above
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It is generally agreed that globalization:
Intensifies social relations over ever-greater distances
Links different and previously separated peoples and locales
Transforms the spatial and temporal organization of social relations and transactions
All of the above
Answer
Correct Answer:
All of the above
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Globalization involves increasing relations among:
People
Objects
Places
All of the above
Answer
Correct Answer:
All of the above
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The International Monetary Fund, in defining globalization, does NOT pay particular attention to which factor:
Trade and financial flows
Movement of people
Technologies across international borders
Domestic growth
Answer
Correct Answer:
Domestic growth
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____ can be thought of as integration in virtually every sphere, achieved principally through international diversification of goods, services and processes across borders.
Generalization
Globalization
Geographical integration
Americanization
Answer
Correct Answer:
Globalization
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