WGU C211 Globalization Revision Exam And All Correct Answers.
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Course
WGU C211
Institution
WGU C211
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 py...
WGU C211 Globalization Revision Exam
And All Correct Answers.
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.
Globalization - Answer the process by which businesses or other organizations develop international
influence or start operating on an international scale.
Risk Management - Answer The identification and assessment of risk and the preparation to
minimize the impact of high-risk unfortunate events
scenario planning - Answer Planning for multiple high or low risk scenarios
semiglobalization - Answer avoids total isolation and total globalization and calls for more than
one-way for doing business around the globe
MNE - Answer sizable economic entities.
Current and future business leaders need to be aware of their own hidden proglobalization
bias
Nongovernment Organizations (NGOs) - Answer includes environmentalists, human rights activists, and
consumer groups
1st core perspective of globalization - Answer institution based view
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