Question

Vladimir is a manager at an automotive plant in the United States. His company has realized it needs to think globally since the whole world is a source of business and has struck a deal with an automotive supplier in Brazil to buy 15% of their parts at a discounted rate as this will better serve the company's needs. His company has also determined that they can streamline their processes if they outsource some work. Relate what Vladimir's company is demonstrating. a. International reorganization b. Corporate culture c. Political cooperation d. Globalization

Answer 1

Vladimir is a manager at an automotive plant in United States.His company has realized it needs to think globally since the whole world is a source of business and has struck a deal with an automotive supplier in Brazil to buy 15% of their parts at a discounted rate as this will better serve the company's needs.His company has also determined that they can streamline their processes if they outsource some work .It means Vladimir's company is demonstrating Globalization.

Answer: Correct answer id (d)

Explanation:

Globalization means going global.It means expanding business and ideas beyond the domestic boundaries.Globalization has turned the whole world into a small village.All countries have come closer to each other.

If Vladimir's company buy automotive parts from Brazil at discounted rates then they will get cost advantage and produce automotive at cheaper rates.Further by outsourcing some work they will be able to reduce their burden and get best services from the country to which they are outsourcing.

So globalization has many benefits in terms of increase in international trade,low cost of living,high standard of living.high quality goods and services.more wealth in the world.