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Author Question: ________ is defined as the dispersal of production activities to locations that help a company ... (Read 135 times)

kwoodring

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on: Jul 7, 2018
________ is defined as the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service.
 
  A) Global offering
  B) Globalization of production
  C) Global governance
  D) Globalization of markets

Question 2

The population of a(n) ________ market is mostly rural and is characterized by poor infrastructure with little credit or collateral.
 
  A) emerging
  B) traditional
  C) developed
  D) virtual

Question 3

Two major forces that underlie the expansion of globalization are falling barriers to trade and investment, and ________.
 
  A) elevation of nationalism
  B) rise of closed economies
  C) political stagnation
  D) technological innovation

Question 4

Explain how technological innovation has benefitted entrepreneurs.
 
  What will be an ideal response?


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nyrave

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

Thank you soo much

Answer to Question 3

Thank you soo much

Answer to Question 4

Technological innovation is accelerating the pace of globalization. Significant advancements in information technology and transportation methods are making it easier, faster, and less costly to move data, goods, and equipment around the world. Important technological advances include e-mail, videoconferencing, the Internet and the World Wide Web, company intranets and extranets, and advancements in transportation technologies (including GPS and RFID).
Entrepreneurs and small businesses have benefitted from these technological innovations because in this age of globalization, small companies are increasingly active in international trade and investment. Companies are exporting earlier and growing faster, often with help from technology. Traditional distribution channels often gave only large companies access to distant markets, whereas electronic distribution is a cheap and effective alternative for small businesses that sell digitized products. Small companies that sell traditional products also benefit from technology that lowers the cost and difficulties of global communication.


kwoodring

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Reply #2 on: Jul 7, 2018
Correct answers!


nyrave

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Reply #3 on: Jul 7, 2018
Great! Please up vote :D


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