Essay questions for midterm

Essay questions for midterm - BUS 1100-R1501 Introduction...

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BUS 1100-R1501 Introduction to Business OCC - Fall 2009 Professor Lorencz Preparation of Midterm Essay questions 1. Identify three Pros and Cons of globalization. Explain each. Pros - More Customers - because everyone in the world is your customer More Resources Available - each country has different needed resources Less Risk - not working with one economy Cons More Competition, everyone in the world is your competition Social differences - every country has different values and attitudes about things. Different Laws in different countries make it more complicated 2. Why do countries neither have a "pure" market nor "pure" planned economies. Is the trend toward the market end of the spectrum likely to continue? why? Because in a pure market there would be no one taking care of the young, the old and the sick. And in a pure planned economy there is not enough value for people, they want to have more and make more money and not have the government control it. Yes, the trend toward the market end is likely to continue because
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Essay questions for midterm - BUS 1100-R1501 Introduction...

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