WGU C211 Objectives Assessment - 200 Study Questions and Answers (2023 / 2024) (Verified Answers)

WGU C211 Objectives Assessment - 200 Study Questions and Answers (2023 / 2024) (Verified Answers) The term "emerging economies" has replaced the term developing countries The gross domestic product plus the income from non-resident sources abroad gives the gross national product Which of the following countries would be characterized as an emerging economy? Brazil More than 25% of global GDP comes from BRICS countries Viewing the global economy as a pyramid, the Triad refers to North America, Western Europe, and Japan People who earn _____ a year comprise the base of the global economic pyramid. less than $2,000 Which of the following would be an example of a top down innovation? 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) It only has 19 member countries. Which of the following does the institution-based view of global business lay emphasis on? 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 _____ focuses on the internal strengths on the firm The liability of foreignness is the inherent disadvantage faced by _____ 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? 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 semiglobalization The strategy of treating each country as a unique market and in total isolation is referred to as _____ localization