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    Pre & Post Test 7 - Globalisation

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    joanna supresencia
    The document discusses globalization and its effects. It states that globalization has been facilitated by international organizations like the IMF, World Bank and WTO working with countries to liberalize trade. Companies are driven to enter foreign markets for reasons like seeking profit, avoiding domestic demand constraints, and accessing new resources. Globalization has also been accelerated by technological advances that have made the world more interconnected. It concludes that globalization has integrated national economies and drawn the global community closer together through increased trade, finance, and communications.

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    Pre & Post Test 7 - Globalisation

    Uploaded by

    joanna supresencia
    243 views2 pages
    The document discusses globalization and its effects. It states that globalization has been facilitated by international organizations like the IMF, World Bank and WTO working with countries to liberalize trade. Companies are driven to enter foreign markets for reasons like seeking profit, avoiding domestic demand constraints, and accessing new resources. Globalization has also been accelerated by technological advances that have made the world more interconnected. It concludes that globalization has integrated national economies and drawn the global community closer together through increased trade, finance, and communications.

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    The document discusses globalization and its effects. It states that globalization has been facilitated by international organizations like the IMF, World Bank and WTO working with countries to liberalize trade. Companies are driven to enter foreign markets for reasons like seeking profit, avoiding domestic demand constraints, and accessing new resources. Globalization has also been accelerated by technological advances that have made the world more interconnected. It concludes that globalization has integrated national economies and drawn the global community closer together through increased trade, finance, and communications.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    243 views2 pages

    Pre & Post Test 7 - Globalisation

    Uploaded by

    joanna supresencia
    The document discusses globalization and its effects. It states that globalization has been facilitated by international organizations like the IMF, World Bank and WTO working with countries to liberalize trade. Companies are driven to enter foreign markets for reasons like seeking profit, avoiding domestic demand constraints, and accessing new resources. Globalization has also been accelerated by technological advances that have made the world more interconnected. It concludes that globalization has integrated national economies and drawn the global community closer together through increased trade, finance, and communications.

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    PRE & POST TEST 7 - GLOBALISATION

    1. The efforts of the IMF, the World Bank and the WTO along with the efforts of individual

    countries led to globalisation of business. In fact, the term ‘International Business’ has

    emerged from ‘International Marketing’, which in turn, emerged from the term ‘export

    marketing’. TRUE

    2. International organizations are generally prone to the duplication of projects and mission

    objectives. TRUE

    3. In simple words, globalisation means moving towards an interdependent local economy.

    FALSE

    4. There are multiple reasons why companies go global like: (i) Profit advantage, (ii)

    domestic demand constraints, (iii) competition, (iv) government policies, (v) availability of

    resources, etc. TRUE

    5. With technological developments and relaxation on rules and regulations on international

    business most of the companies are entering into national market. FALSE

    6. Corporations are today changing their strategies and are reorganizing their functions to

    cope up with the changed scenario. Whether, it is their production process or location,

    product strategy, marketing, finance, HR policies, etc TRUE

    7. The prolonged recession before the World War II in the West, led to an international

    consensus after the World War II in the west, led to an international consensus after the

    World War II that a different approach towards international trade is needed. TRUE

    8. The fast changes in technology have helped in rapid globalisation. TRUE

    9. The efficiency of the UN system is measured more by paper work than operation and

    real work. TRUE

    10. Globalisation has made a big world smaller. Globalisation affects trade, finance,

    production, communications, and technological change. When we look at the world map,

    we need to think about how this global community of people and nations is being

    systematically drawn closer together. TRUE

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