Starting a new venture in a foreign country by constructing new operational facilities from the ground up. Also known as "wholly owned subsidiary"

Starting a new venture in a foreign country by constructing new operational facilities from the ground up. Also known as "wholly owned subsidiary"

a) blank slate startup
b) Greenfield venture
c) New beginnings venture
d) international venture

Answer: All.

Some critics further suggest that globalization promotes a "___" that drives down wage rates and creates pressure to eliminate labor laws (particularly in developing countries)

Some critics further suggest that globalization promotes a "___" that drives down wage rates and creates pressure to eliminate labor laws (particularly in developing countries)

a) leading mark
b) race to the bottom
c) headstart
d) downfall

Answer: B

This works against treating the world as a single global marketplace.

This works against treating the world as a single global marketplace.

a) National differences in consumer behavior
b) National differences in business systems

Answer: B

There are still major differences between nations in business systems, legal systems, infrastructure, and overall level of economic development.

There are still major differences between nations in business systems, legal systems, infrastructure, and overall level of economic development.

a) National differences in consumer behavior
b) National differences in business systems

Answer: B