International Business Globalization - 4876 Words

Chapter 03 Differences in Culture / Questions 1. (p. 88) In todays world of global communications, rapid transportation and global markets, cultural differences have ceased to exist. Difficulty: Medium 2. (p. 88) Culture is static. Difficulty: Medium 3. (p. 89) Values are abstract ideas about what a group believes to be right, good and desirable. Difficulty: Easy 4. (p. 89) A society is another name for a country. Difficulty: Easy 5. (p. 89) A country is defined as a system of values and norms that are shared among a group of people and that when taken together constitute a design for living. Difficulty: Easy 6. (p. 89) People who violate folkways†¦show more content†¦(p. 88) During the 1960s and 1970s, class divisions in _____ raised the cost of doing business there, relative to other European countries. A. Great Britain B. Switzerland C. Norway D. Germany Difficulty: Hard 42. (p. 88) Which of the following is not regarding culture? A. Culture is static B. Culture is evolving C. It is a system of values and norms that are shared among a group of people D. It involves the knowledge and beliefs of people Difficulty: Easy 43. (p. 89) _____ is/are best defined as shared assumptions about how things ought to be. A. Norms B. Values C. Society D. Culture Difficulty: Easy 44. (p. 89) The system of values and norms that are shared among a group of people and that when taken together constitute a design for living best defines A. Society B. Value systems C. Principles D. Culture Difficulty: Easy 45. (p. 89) Social rules and guidelines that prescribe appropriate behavior in particular situations are best described as A. Norms B. Values C. Culture D. Society Difficulty: Easy 46. (p. 89) A group of people who share a common set of values and norms form a A. Culture B. Society C. Country D. Caste Difficulty: Easy 47. (p. 89) _____ are the routine conventions of everyday life. A. Folkways B. Mores C. Rites D. Beliefs Difficulty: Easy 48. (p. 89) _____ are social conventions concerning things such as the appropriate dressShow MoreRelatedGlobalization And International Business : Globalization954 Words   |  4 PagesMonica Mall 3/11/15 India Intro Globalization/ International Business In the text International Business, globalization is defined as the â€Å"acceleration and extension of the interdependence of economic and business activities across national boundaries (p 3)†. Many multinational corporations manufacture products in different nations and selling internationally to different nations. With the constant flow of goods and service help the integration of economies and societies. SinceRead MoreInternational Business and Globalization1496 Words   |  6 PagesGlobalization encourages worldwide business. Globalization is an efficient process by which all the nations of world will commonly try to set regular universal standards regulations (both created recommended) which will encourage business around different nations. Business around nations or elements crosswise over different fringes is called universal business. Economic globalization The expression globalization is generally utilized as a part of business rings and matters of tradeRead MoreInternational Business : The Challenges Of Globalization963 Words   |  4 Pages Globalization nowadays is a very popular topic. With the rapid development of the economy, services and commercials trade between countries become more and more convent. The world becomes more and more like a global village. At the same time, it begins to have a deep influence on a company’s strategy plan which manager is involved in an international business market. In International Business: The Challenges of Globalization, I interested in PART 5 Chapter 2 Cross-Cultural Business. In my perviousRead MoreReflect of Globalization on International Business1485 Words   |  6 PagesGlobalization refers to the increasing unification of the worlds economic order through reduction of such barriers to international trade as tariffs, export fees, and import quotas. The goal is to increase materi al wealth, goods, and services through an international division of labor by efficiencies catalyzed by international relations, specialization and competition. It describes the process by which regional economies, societies, and cultures have become integrated through communication, transportationRead MoreImpact Of Globalization On International Business828 Words   |  4 PagesGlobalization has influenced the way our world works today. This is the process of international business. Many of the items we are using at this very moment are imports, products produced in another country. Many businesses today rely on exports, products produced in their home country and shipped to other nations. Every country relies on imports and exports. Wether a firm is expanding to another nation or uses imported goods, international business is always involved and will affect the businessRead MoreImpact Of Globalization On International Business2183 Words   |  9 PagesWHAT IS GLOBALIZATION Fundamentally, globalization is the closer integration of countries and peoples of the world which has been brought about by the enormous reductions of costs of transport and communications and the breaking down of artificial barriers to the flow of goods, services, capital, knowledge and to a lesser extent. Globalization is an umbrella term for a complex series of economic, social, technological, cultural and political changes seen as increasing interdependence, integrationRead MoreImpact Of Globalization On International Business2183 Words   |  9 PagesWHAT IS GLOBALIZATION Fundamentally, globalization is the closer integration of countries and peoples of the world which has been brought about by the enormous reductions of costs of transport and communications and the breaking down of artificial barriers to the flow of goods, services, capital, knowledge and to a lesser extent. Globalization is an umbrella term for a complex series of economic, social, technological, cultural and political changes seen as increasing interdependence, integrationRead MoreGlobalization And Terms Of International Business1756 Words   |  8 Pagesis globalization in terms of international business? Give a practical example using class source. Answer: Globalisation refers to the integration of world economy into a single economy. For example product, services, culture, communication etc. In the current business era the word Global Village is much highlighted, it is only because of the Globalisation. Globalisation not only increased the flow of international business but also has great impact on cultural change. International business refersRead MoreGlobalization and Its Impact on International Business Essay1558 Words   |  7 Pages............3 What is Globalization....................................................4 The engines for Globalizations†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦5 Globalization’s impacts on international business†¦..7 The road ahead for international business†¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦9 Summary†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..11 Reference†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦12 Introduction Every day we hear it on the news, read it in the papers, overhear people talking about it†¦ and in every single instance the word globalization seems to have a differentRead MoreWhy Globalization Is a Threat to International Business1302 Words   |  5 PagesMany see globalization as an opportunity for international business, but it is clearly a threat. The expression globalisation has obtained impressive emotive energy. Some perspective it as a process that is advantageous a key to future world investment improvement and likewise inexorable and irreversible. Others respect it with danger, even fear, accepting that it builds favouritism inside and between countries, debilitates business and living measures and defeats social advancement. This short