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WGU C211 Globalization (peng 1,5,6,11) all Questions & answers solved accurately with Complete Solution Graded A+ latest version
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WGU C211 Globalization (peng 1,5,6,11) all Questions & answers solved accurately with Complete Solution Graded A+ latest version

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  • July 6, 2024
  • 13
  • 2023/2024
  • Exam (elaborations)
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  • wgu c211 globalization peng 15611 all questio

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WGU C211 Globalization (peng 1,5,6,11)


global business - ANSWER-business around the globe

international business - ANSWER-business (firm) that engages in international (cross
-border) economic activities and the action of doing business
abroad.

base of the pyramid - ANSWER-part of the view of the global economy as a pyramid.
The vast majority of humanity, about four billion people, lives at the base making
less than $2,000 a year

BRIC - ANSWER-Brazil, Russia, India, China

emerging economies - ANSWER-Developing countries, such as India or Singapore, that
over the past two or three decades have begun to develop a strong industrial base.

emerging markets - ANSWER-another name for emerging economies

foreign direct investment (FDI) - ANSWER-direct investment in, control, and
management of
value-added activities in other countries

Gross Domestic Product (GDP) - ANSWER-A nation's total output of goods and
services

Gross National Product (GNP) - ANSWER-GDP plus income from non-resident sources
abroad

Gross National Income (GNI) - ANSWER-GNI is the term used by the World Bank and
other international organizations to supersede the term GNP but is the same.

International Business (IB) - ANSWER-a business firm that engages in international
(cross border) economic activities and/or the action of doing business abroad

Multinational Enterprise (MNE) - ANSWER-a firm that engages in foreign direct
investment by directly investing in, controlling, and managing value-added activities in

, other countries

Purchasing Power Parity (PPP) - ANSWER-An adjustment in gross domestic product
per capita to reflect differences in the cost of living

reverse innovation - ANSWER-an innovation that is adopted first in emerging
economies and then
diffused around the world.

triad - ANSWER-refers to the developed economies in the three regions that
consist of North America, Western Europe, and Japan

purpose of studying global business - ANSWER-to better compete in the corporate
world that will require global expertise and to enhance your understanding of what is
going on in the global economy

Expatriate Manager - ANSWER-a manager who works in a country other than his or her
home country

Group of 20 (G-20) - ANSWER-The group of 19 major countries plus the European
Union (EU) whose leaders meet on a biannual basis to solve global economic problems.

international premium - ANSWER-Managers who work abroad (expats) often command
a
significant pay raise when working overseas

what determines the success and failure of firms around the globe? -
ANSWER-institution-based view and resource based view

Institution-based view - ANSWER-Success and failure of firms are enabled and
constrained by institutions

institutions - ANSWER-structures that define the rules of the game

Institutional framework - ANSWER-Formal and informal institutions governing individual
and firm behavior in a country.

liability of foreignness - ANSWER-The inherent disadvantage that foreign firms
experience in host countries because of their non-native status.

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