100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
WGU C211 Globalization (peng 1,5,6,11) all Questions & answers solved accurately with Complete Solution Graded A+ latest version $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. WGU
  4.  
  5. WGU
  6.  
  7. WGU

Exam (elaborations)

WGU C211 Globalization (peng 1,5,6,11) all Questions & answers solved accurately with Complete Solution Graded A+ latest version
 3 views  0 purchase
  • Course
  • WGU
  • Institution
  • WGU

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

Preview 2 out of 13  pages

Document information

  • July 6, 2024
  • 13
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wgu c211 globalization peng 15611 all questio

Written for

  • WGU
All documents for this subject (6247)

Seller

avatar-seller
TUTORSON

Content preview

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.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TUTORSON. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart