C211 Second OA Questions And Answers

The term "emerging economies" has replaced the term _____. - Answer- Developing countries The gross domestic product plus the income from non-resident sources abroad gives the ____. - Answer- gross national product More than 25% of global GDP comes from _____. - Answer- BRICS countries Viewing the global economy as a pyramid, the Triad refers to _____. - Answer- North America, Western Europe, and Japan People who earn _____ a year comprise the base of the global economic pyramid. - Answer- less than $2,000 Which of the following would be an example of a top down innovation? - Answer- 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)? - Answer- It only has 19 member countries. Which of the following does the institution-based view of global business lay emphasis on? - Answer- 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 _____. - Answer- focuses on the internal strengths on the firm The liability of foreignness is the inherent disadvantage faced by _____. - Answer- 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? - Answer- 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. - Answer- Semiglobalization The strategy of treating each country as a unique market and in total isolation is referred to as _____. - Answer- Localization