Ch 46: WEST Business & Marketing Education: Globalization in Business

About This Chapter

Delve into this chapter to review topics related to globalization in business. Catch up on these international business concepts as you get yourself ready to take the WEST Business and Marketing Education exam for teaching certification.

WEST Business & Marketing Education: Globalization in Business - Chapter Summary

Discover the benefits and costs of global businesses by examining the lessons in this chapter. Prepare for business globalization questions on the WEST Business and Marketing Education exam by brushing up on the following:

  • Globalization business trends
  • Political and economic systems related to globalization
  • Regional integration
  • Overview and transformation of the global marketplace
  • Global society overview
  • Driving factors and ethical concerns in globalization
  • Business environments of international organizations
  • Government and business relations
  • Strategies for growth with international business
  • Ethical concerns in going global

Our instructors have created several lessons to cover every aspect of globalization in business. Although our lessons are very short, they are comprehensive and cover all the essential details. Shorter lessons also give you the opportunity to have quick study sessions all throughout your day, which works out well for working professionals with limited free time. The WEST Business and Marketing Education exam may include questions that expect you to know related vocabulary terms, which is why we create our lesson transcripts with bolded key terms.

WEST Business & Marketing Education: Globalization in Business Objectives

Experienced and licensed teachers within Washington can obtain endorsements to teach this subject area by scoring 240 or higher on the WEST Business and Marketing Education exam. This assessment covers five subcategories found within the field of business and marketing. Concepts about globalization and business are generally found within the subcategory on economics and international business. Nearly 20 out of the 110 questions on the exam are part of these economics and international business section.

12 Lessons in Chapter 46: WEST Business & Marketing Education: Globalization in Business
Test your knowledge with a 30-question chapter practice test
Internationalization & Globalization of Businesses

1. Internationalization & Globalization of Businesses

When companies decide to do international business, they have a wide variety of methods they can use to actually enter the market. This lesson will discuss those different methods and analyze how they work in an international context.

Political & Economic Systems in Global Business

2. Political & Economic Systems in Global Business

Understanding the different political and economic systems in global business can be a difficult task. We will identify the major types of political and economic systems in which companies operate across the world and the special challenges posed by doing business in diverse settings.

Regional Integration: Definition, Influence & Purpose

3. Regional Integration: Definition, Influence & Purpose

Regional integration is when a group of countries get together and develop a formal agreement regarding how they will conduct trade with each other. There are many different levels of involvement, and in this lesson, we will review the types and how a manager should understand and match them to his or her company's international needs.

The Changing Landscape of the Global Market

4. The Changing Landscape of the Global Market

The global market is still developing, and a market that is developing is dynamic. The constant change offers opportunities and presents risks to countries and their domestic industries. In this lesson, you'll learn about some of these risks and opportunities.

The Global Marketplace: Definition & Overview

5. The Global Marketplace: Definition & Overview

We have been on the fast track to a global market, but are we there yet? In this lesson, we will define global market and discuss some of its key concepts. A short quiz follows the lesson.

Global Society: Definition & Concept

6. Global Society: Definition & Concept

Is our world international or global? Is there even a difference? In this lesson, we'll explore the concept of a global society and consider the evidence that could point to its arrival.

Major Drivers of Globalization & Institutions that Shaped the Process

7. Major Drivers of Globalization & Institutions that Shaped the Process

There are many factors that are responsible for the flourishing of globalization. In this lesson, we will discuss the technological changes and institutions that have driven the process. In the end, you will take a quiz to challenge your knowledge on the subject.

International Companies' Operating Environments

8. International Companies' Operating Environments

International companies' operating environments are complicated due to numerous factors. In this lesson we will identify and describe the three environments in which the international company operates: domestic, foreign and international.

Benefits & Costs of the Globalization of Business

9. Benefits & Costs of the Globalization of Business

Globalization has become a requirement for corporations to remain competitive in the marketplace. In this lesson, you will learn about the definition of globalization and the benefits and costs.

Government-Business Relations in Global Business

10. Government-Business Relations in Global Business

Government-business relations have an impact on international businesses. In this lesson, we will discuss how businesses can work collaboratively with governments and the civil sector to address global issues.

International Business Expansion Methods

11. International Business Expansion Methods

Oftentimes, the best opportunities for a business are not at home but abroad. In this lesson, you'll learn about different methods of taking advantage of the international market. You'll also have a chance to take a short quiz after the lesson.

Ethical Issues in International Business

12. Ethical Issues in International Business

Corporations that tackle the global market face many difficulties. In this lesson, we will examine the ethical issues in international business, such as corruption, pollution, and environmental challenges.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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