WGU C211 Complete Solutions
The term "emerging economies" has replaced the term
developing countries
The gross domestic product plus the income from non-resident sources abroad gives the
gross national product
Which of the following countries would be characterized as an emerging economy?
Bra...
WGU C211 Complete Solutions
The term "emerging economies" has replaced the term
developing countries
The gross domestic product plus the income from non-resident sources abroad gives the
gross national product
Which of the following countries would be characterized as an emerging economy?
Brazil
More than 25% of global GDP comes from
BRICS countries
Viewing the global economy as a pyramid, the Triad refers to
North America, Western Europe, and Japan
People who earn _____ a year comprise the base of the global economic pyramid.
less than $2,000
Which of the following would be an example of a top down innovation?
Lowering prices and features of existing products to meet emerging market needs
Which of the following is true of the Group of 20 (G-20)
It only has 19 member countries.
Which of the following does the institution-based view of global business lay emphasis on?
Understanding the laws and values of the firm's host nation
The resource-based view of global business differs from the institution-based view of global business in
that the resource-based view _____
focuses on the internal strengths on the firm
The liability of foreignness is the inherent disadvantage faced by _____
foreign firms in host nations due to their non-native status
Which of the following is true of globalization according to the "new force" perspective?
It is a western ideology focused on exploiting and dominating the world through MNEs
The concept of _____ suggests that barriers to market integration at borders are high, but not high
enough to completely insulate countries from each other
semiglobalization
, The strategy of treating each country as a unique market and in total isolation is referred to as _____
localization
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____
shrinking
The term "emerging economies" has replaced the term _____
developing countries
A conversion that determines the equivalent amount of goods and services that different currencies can
buy is known as _____
purchasing power parity
Which of the following countries would be characterized as an emerging economy?
Brazil
More than 25% of global GDP comes from _____
BRICS countries
Which of the following countries is represented in the Triad of the global economic pyramid?
Japan
People who earn _____ a year comprise the base of the global economic pyramid.
less than $2,000
A _____ is defined as an innovation that is adopted first in emerging economies and then diffused
around the world
reverse innovation
Which of the following is true of the Group of 20 (G-20)
It only has 19 member countries
The _____ view suggests that the success and failure of firms are largely determined by their
environments
institution-based
The _____ view of global business focuses on internal factors that can help a firm overcome its external
environment
resource-based
Which of the following is true of globalization according to the "pendulum view" perspective?
Globalization is a not a one-directional phenomenon.
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