Which of the following is true of the strategic effects of a company going global?Multiple choice question.The company will always be technologically superior to its competition in the new market.Psychological closeness to a country will allow the company to conduct its business more easily in the country.Geographic closeness to a foreign market will necessarily provide a perceived closeness to the foreign customer.The company will experience more success in a geographically close market than in a psychologically close market.

Identify an accurate statement about companies that go global.Multiple choice question.The expenses borne by companies that go global usually have an adverse impact on profits.Increasing home country sales is often the most important motivation for going global.Companies that go global typically do so without establishing distribution channels in the foreign market.Companies will only seek to go global if they are faced with a high amount of government regulations at home.

What are the motivations that are most likely to lead to companies going global with their products and services? (Check all that apply.)Multiple select question.Low production capacityUnique market chanceTechnological superiorityIncreasing home country salesTax benefitsProfits

A true statement about psychological distance is that Blank______.Multiple choice question.it is beneficial for companies to first do business in psychologically close countries before moving to psychologically distant nationsthe distance envisioned by an entrepreneur will always be based more on reality than perceptionthere are no differences between markets or nations that are psychologically similarthere are more differences than similarities between individual entrepreneurs regardless of the country

Which of the following statements is true about the effects of globalization?Select one:a.Globalization promotes interconnection among diverse national economies.b.All of the choices.c.Globalization has influenced the standard of life and personal satisfaction of people and families throughout the world.d.Globalization creates a more level playing field between nations and businesses.

Which situation best illustrates globalization's effect on an economy?A.A U.S. software company develops a smartphone with an improved camera.B.A construction worker in Germany builds a new skyscraper near his home city.C.An Italian baker sells cakes to local families for many special occasions.D.A factory in Mexico makes toys that are sold mostly in Asia.