Wgu D080 Managing In A Global Business Environment |553 Questions| With Correct Answers.

Technology and trade are two mechanisms to increase productivity, which lead to more products and ultimately to lower prices. it takes fewer resources to produce a product. a good can be produced at a lower cost in terms of other goods. {Ans: What are the two mechanisms to increase productivity? Explain.}Value chain {Ans: A car manufacturer purchases raw materials from Country A, manufactures the product in Country B, and has a sales force in Country C. Which term reflects this production process that international agreements now enable?}lower costs, greater flexibility, enhanced expertise, greater discipline, and the freedom to focus on core business activities {Ans: Explain the advantages of outsourcing.}loss of control, loss of innovation, loss of organizational trust, and higher than expected transaction costs {Ans: Describe the risks associated with outsourcing.}Uncertainty avoidance {Ans: One of Hofstede's six dimensions of national culture. It measures how comfortable a society is with uncertainty.}Protect domestic industries and employment Protect against unfair trade practices Protect national security {Ans: Identify and explain political, economic, and social rationale of managing international trade from government's perspective.}