CHAPTER 1 Self Quiz - CHAPTER1SelfQuiz Question IKEA uses a...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 1 Self Quiz Question IKEA uses a unique standard formula which brings it global success throughout the markets this company now occupies. Answer True False Question Hill describes "globalization" as a shift from individual local markets more toward an integrated and interdependent world economy. Answer True False Question Large multinational companies, because of their available resources, constitute the majority of U.S, exporting firms over midsize or small companies. Answer True False Question Today's global markets are largely industrial and material goods that really meet world demand; consumer products play a secondary role. Answer True False Question According to Hill, "Drivers of Globalization" refer to financial and innovative multinational firms seeking new markets for investment or market growth in today's world market system. Answer True False Question Containerization is a term enveloping the process and packaging of goods because of a revolution in transportation technologies, which results in greater efficiencies and scales of economy? Answer True False Question There are four major factors that the help U.S. continue to hold competitive advantages over other national players for global market share: 1) U.S. dominance in the world economy and trade; 2) U.S. dominance in direct foreign investment; 3) the dominance of U.S. multinational corporations on the international business scene; and 4) the U.S. dominance in trade and commercial diplomacy which few
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern