WGU C211
Study Guide
Questions and
Answers
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2023/2024
WGU C211 Study Guide
Views of globalization (Chp 1.4) – correct answer ✅1. It’s a new
phenomenom, starting in the late 20th century.
- It’s a long term part of human history.
- Neither recent nor one directional, it’s a pendulum that swings back and
forth.
Strategic goal = Natural resource—seeking – correct answer ✅Location
specific advantage = Possession of natural resources and related transport
and communication infrastructure
Strategic goal = Market-seeking – correct answer ✅Location specific
advantage = Abundance of strong market demand and customers willing to
pay
Strategic goal = Efficiency-seeking – correct answer ✅Location specific
advantage = Economies of scale and abundance of low-cost factors
Strategic goal = Innovation-seeking – correct answer ✅Location specific
advantage = Abundance of innovative individuals, firms, and universities
Name first mover advantages: (Chp 10.3) – correct answer ✅1. Proprietary,
technological leadership
- Pre-emption of scarce resources
- Establishment of entry barriers for late entrants
- Avoidance of clash with dominant firms at home
- Relationships with key stakeholders such as governments
Name late mover advantages: (Chp 10.3) – correct answer ✅1. Opportunity
to free ride on first-mover investments - Resolution of technological and market uncertainty
- First mover’s difficulty to adapt to market changes
Name strategic goals supported by location specific advantages (Chp 10.2) –
correct answer ✅1. Natural resources - Market
- Efficiency