unit 15 exam revised

Question 1

Differentiate between globalisation and glocalisation.

Answer 1

Globalisation is a shift towards a more interdependent world economy.
Glocalisation focuses on thinking globally but acting locally.

Question 2

List the 4 orientations firms can execute their activities abroad based on.

Answer 2

– Ethnocentric orientation
– Polycentric orientation
– Regiocentric orientation
– Geocentric orientation

Question 3

List the 4 basic globalisation strategies.

Answer 3

– International strategy
– Multidomestic strategy
– Global strategy
– Transnational strategy

Question 4

List the 4 basic modes of entry to foreign markets.

Answer 4

Unit 15, page 7.

Question 5

List the types of countertrade.

Answer 5

Barter
Counter-purchase
Offset
Switch trading
Compensation or buybacks

Question 6

Factors that affect foreign direct investment in South Africa:

Answer 6

Political stability
– Productivity
– Infrastructure
– Level of corruption
– Levels of education
– Skills shortage
– Crime

Question 7

The government should pay attention to business sectors that could reflect high-growth
opportunities in Southern Africa. These sectors are:

Answer 7

Tourism
– Agriculture
– Manufacturing
– Financial Services
– Information technology
– Food processing
– Transport
– Telecommunications

Question 8

Break down AFRI Capitalism.

Answer 8

Philosophy on the private sector’s commitment to the
economic transformation of Africa through investments.

Question 9

List some challenges of African capability in globalisation.

Answer 9

Managerial capacity
– Employee behaviours
– Embedding ethics and values
– Leadership and governance
– Managing human and natural resources
– Managing across cultures and countries