Recommended textbook solutions Human Resource Management15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine 249 solutions
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Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions Special complications confront a firm involved in the globalization of its operation. Globalization means the tendency of firms to extend their sales, ownership, and manufacturing to new markets abroad. It refers to the strategy of approaching worldwide markets with standardized products. Such markets are most commonly created by end consumers that prefer lower-priced, standardized products over higher –priced, customized produced and by global corporations that use their worldwide operations to compete in local markets. Globalization is a generalized historical process through which more economic activity takes place across national borders. Forms of globalization include international trade (exports and imports), foreign direct investment, international financial flows, and international migration. Globalization is the tendency of firms to extend their sales or manufacturing to new markets abroad. About Us McqMate.com is an educational platform, Which is developed BY STUDENTS, FOR STUDENTS, The only objective of our platform is to assist fellow students in preparing for exams and in their Studies throughout their Academic career. what we offer ?» We provide you study material i.e. PDF's for offline use. Test Prep This preview shows page 18 - 21 out of 47 pages. 39) ________ refers to the tendency of firms to extend their sales, ownership, and/ormanufacturing to new markets abroad.A) ExpansionB) Market developmentC) GlobalizationD) Export growthE) DiversificationAnswer:Explanation: Globalization is the tendency of firms to extend their sales, ownership, and/ormanufacturing to new markets abroad. Firms usually expand globally to expand sales, cut laborcosts, or form partnerships with foreign firms.C Diff: 1Page Ref: 11Chapter:1Objective:4Skill:ConceptDownload the full file instantly at Full file at Test-Bank-for-Human-Resource-Management-12th-Edition-by-Dessler40) All of the following are the most common reasons that firms decide to globalize EXCEPT________.CDiff: 2Page Ref: 11 Get answer to your question and much more Chapter:1Objective:4Skill:Concept41) Which of the following is a potential disadvantage to consumers of the globalization trendamong businesses?EDiff: 2Page Ref: 11 Get answer to your question and much more Chapter:1Objective:4Skill:Concept42) Which of the following best explains the shift from manufacturing to service jobs in theU.S.?A Get answer to your question and much more Diff: 3Page Ref: 13Chapter:1Objective:4Skill:ConceptDownload the full file instantly at Full file at Test-Bank-for-Human-Resource-Management-12th-Edition-by-Dessler Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 47 pages? Upload your study docs or become a Course Hero member to access this document Is the tendency of firms to extend their sales ownership and or manufacturing to new markets abroad?Globalization – refers to the tendency of firms to extend their sales, ownership, and/or manufacturing to new markets abroad.
What refers to the tendency of firms to extend their business abroad?In the context of economics, internationalization can refer to a company that takes steps to increase its footprint or capture greater market share outside of its country of domicile by branching out into international markets.
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The tendency of firms to extend sales ownership and manufacturing to new markets abroad is
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