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    Activity 5 - The Market Integration

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    ALBERTO BASTASA
    This document contains a student's responses to assignment questions about market integration. The student is enrolled at the North Eastern Mindanao State University, formerly known as Surigao Del Sur State University. In the first question, the student explains that market integration depicts unity, as different countries work together to aid each other's economic growth and development. The second question is answered by saying that a lack of good relationships between countries would be chaotic and harm the modern world economy. Integration is seen as important to unite nations and eliminate risks. The third question provides an example of market integration between Jollibee and Red Ribbon, where one company purchasing the other reduced competition but also impacted individual freedom.

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    Activity 5 - The Market Integration

    Uploaded by

    ALBERTO BASTASA
    12 views3 pages
    This document contains a student's responses to assignment questions about market integration. The student is enrolled at the North Eastern Mindanao State University, formerly known as Surigao Del Sur State University. In the first question, the student explains that market integration depicts unity, as different countries work together to aid each other's economic growth and development. The second question is answered by saying that a lack of good relationships between countries would be chaotic and harm the modern world economy. Integration is seen as important to unite nations and eliminate risks. The third question provides an example of market integration between Jollibee and Red Ribbon, where one company purchasing the other reduced competition but also impacted individual freedom.

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    This document contains a student's responses to assignment questions about market integration. The student is enrolled at the North Eastern Mindanao State University, formerly known as Surigao Del Sur State University. In the first question, the student explains that market integration depicts unity, as different countries work together to aid each other's economic growth and development. The second question is answered by saying that a lack of good relationships between countries would be chaotic and harm the modern world economy. Integration is seen as important to unite nations and eliminate risks. The third question provides an example of market integration between Jollibee and Red Ribbon, where one company purchasing the other reduced competition but also impacted individual freedom.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    12 views3 pages

    Activity 5 - The Market Integration

    Uploaded by

    ALBERTO BASTASA
    This document contains a student's responses to assignment questions about market integration. The student is enrolled at the North Eastern Mindanao State University, formerly known as Surigao Del Sur State University. In the first question, the student explains that market integration depicts unity, as different countries work together to aid each other's economic growth and development. The second question is answered by saying that a lack of good relationships between countries would be chaotic and harm the modern world economy. Integration is seen as important to unite nations and eliminate risks. The third question provides an example of market integration between Jollibee and Red Ribbon, where one company purchasing the other reduced competition but also impacted individual freedom.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Republic of the Philippines

    North Eastern Mindanao State University


    Formerly Surigao Del Sur State University (SDSSU)
    Bislig Campus
    Maharlika, Bislig City, Surigao Del Sur

    NAME: Lisbeth Wea R. Bastasa DEGREE PROGRAM: BSCE-1B


    CLASS SCHEDULE: _________________________ DATE SUBMITTED: __________________

    SUBJECT: Contemporary World


    TOPIC: Activity 5 - The Market Integration

    Activity 5.1 The Start of Working Together


    What do you see in the image below? What interpretation/s can be drawn from the
    image? Explain your answers briefly.

     As you can see in the image, each individual has their respective roles. They work together
    so that the other pieces of the puzzle will be back at its place. In other words, it depicts
    unity. Individuals help one another in achieving their desired outcome, same goes to
    different countries in terms of globalization. Each country, particularly the more productive
    ones, aids the growth of other developed and developing countries. Be it a small or big
    country, each of them has a significant impact on the prosperity of one’s economy. They
    are united to help each other reach the success that every countries wants to achieve.
    When we all work together and are willing to help others, we can solve problems and
    complete tasks much more easily and quickly than we expected.

    INSTRUCTOR: SIR CRISTIAN JOHN B. URTOLA, LPT


    Republic of the Philippines
    North Eastern Mindanao State University
    Formerly Surigao Del Sur State University (SDSSU)
    Bislig Campus
    Maharlika, Bislig City, Surigao Del Sur

    Activity 5.2 Analysis, Abstraction and Application


    In 10 - 15 sentences, answer the following questions.
    1. In the context of international relationship among countries, do you believe in the
    saying that “NO MAN IS AN ISLAND”? Why or why not? Expound your answer.
     In the context of international relationship, I believe in the saying that “No man is an Island”
    because international relationship is way of connecting other countries and building good
    connections. Just like how human beings won’t be able to live on his own, countries also
    can’t survive on its own. No one is fully self-sufficient; in order to live, everyone needs the
    company and comfort of others. In the matter of international relationship among other
    countries, there isn’t a country who can stand on his own. A country must gain good
    relationships to other countries in order to survive and prosper their economy. Especially,
    with the help of the bigger and industrious countries, developed and developing countries
    have higher chances to achieve economic success if they have a better relationship among
    them. We need each other to live as a whole community. International relations have some
    relevant factors that can help in making a more develop country such as exchanging
    products that is insufficient production in the recipient countries, provide employment
    opportunity to the citizens if they can work abroad, and can extend help to countries who
    are in need of assistance when calamities, disaster and crisis occur. It is therefore wrong to
    think that you can do great on your country on your own. At some point, you will need the
    help of other countries to have more opportunities and make changes that can help the
    country’s economic growth.

    2. Given the situation where different countries around the world do not have good
    relationship to each other, what do you think will happen to the contemporary
    world? In your own words, explain the significance of the word “integration.”
    Answers should be short and concise.
     We live in a world in which nations are not fully united. Having a world that has a bad
    relationship to each other would be chaotic. People began to use powers; there were even
    nations that started a war. Children were crying, some out of fear because their parents had
    killed in the battle. Given the current state of things, when nations do not have good
    relations with one another, I believe it would have a negative impact on contemporary
    world. It would devastate the modern world's economy. The innocent, particularly
    youngsters, would be severely affected by this. Integration is significant in this case.
    Integration is the process of bringing together or uniting a group of countries to form a
    single entity. Bringing all nations together would eliminate the risk of countries having a bad
    relationship with one another. As a result, in order to attain a peaceful world, it is essential
    to be united, as said earlier.

    3. In this modern and global age that we live in, we were able to experience the
    effects of market integration among countries. Hence, it is fun and sensible to
    look back for its practical scenarios in our daily living. Narrate at least one

    INSTRUCTOR: SIR CRISTIAN JOHN B. URTOLA, LPT


    Republic of the Philippines
    North Eastern Mindanao State University
    Formerly Surigao Del Sur State University (SDSSU)
    Bislig Campus
    Maharlika, Bislig City, Surigao Del Sur

    scenario in your life where you think “market integration” has been part of it,
    explain its perceived advantages/disadvantages briefly.
     In today ’s contemporary world, the economy is improving, which has a variety of marketing
    implications. The interconnection of enterprises in a market is depicted by market
    integration. Markets differ in terms of how integrated they are, and as a result, their
    efficiency. Market integration has both a negative and positive effect on those who have
    been through it. For instance, the companies which are Jollibee and Red Ribbon. These
    were owned by different people before but this has changed as a result of market
    integration. Jollibee's owner purchased Red Ribbon, reducing its competitor's market share.
    It is advantageous to the people who are under in this businesses. On the other hand, it has
    an impact on freedom, social unloading, and financial security. As a result, everything has a
    positive and negative impact on us, and all we can do is be cautious about what we do.
    There could be a corresponding impact on us if we weren’t aware of what we are doing.

    INSTRUCTOR: SIR CRISTIAN JOHN B. URTOLA, LPT

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