C211 WGU Questions and answers 100% guaranteed PASS

Base of the pyramid (BOP) - ANSWEREconomics where people make less $2,000 per capita per year. BRIC - ANSWERBrazil, Russia, India, and China Emerging economies - ANSWERa term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets - ANSWERa term that is often used interchangeably with "emerging economies." expatriate manager - ANSWERa manager who works abroad, or "expat" for short. FDI: foreign direct investment - ANSWERinvestment in, controlling, and managing value-added activities in other countries. global business - ANSWERbusiness around the globe including both international (cross-border) activities and domestic activities. globalization - ANSWERthe close integration of countries and people of the world. GDP: gross domestic product - ANSWERthe sum of value added by resident firms, households, and governments operating in an economy. GNI: gross national income - ANSWERGDP plus income from non-resident sources abroad. group of 20 (G-20) - ANSWERthe group of 19 major countries plus the European Union (EU) whose leaders meet on a biannual basis to solve global economic problems. international business (IB) - ANSWER1. a business or firm that engages in international (cross-border) economic activities and/or 2. the action of doing business abroad. international premium - ANSWERa significant pay raise when working overseas. liability of foreignness - ANSWERthe inherent disadvantage that foreign firms experience in host countries because of their non-native status. MNE: Multinational enterprise - ANSWERa firm that engages in foreign direct investments (FDI) NGO: nongovernmental organization - ANSWERan organization that is not affiliated with governments. PPP: purchasing power parity - ANSWERa conversion that determines the equivalent amount of goods and services that different currencies can purchase. reverse innovation - ANSWERan innovation that is adopted first in emerging economies and is then diffused around the world. scenario planning - ANSWERa technique to prepare and plan for multiple scenarios (either high or low risk). semiglobalization - ANSWERa perspective that suggests that barriers to market integration at borders are high, but not high enough to insulate countries from each other completely. triad - ANSWERNorth America, Western Europe, and Japan. absolute advantage - ANSWERThe economic advantage one nation enjoys that is absolutely superior to other nations. three views of globalization - ANSWER1. a new force in recent times. 2. a long-running historical evolution. 3. a pendulum swinging between extremes