Global Business Chapter 1 Peng
Study online at https://quizlet.com/_19mje2
1. International A business that engages in international economic activities and/or the action of
Business doing business abroad
2. Multinational En- A firm that engages in foreign direct investment (FDI)
terprise (MNE)
3. Foreign Direct In- Investment in, controlling, and managing value-added activities
vestment (FDI)
4. Global business business around the globe
5. Emerging A term that has gradually replaced the term "developing countries"
economies
6. Emerging mar- A term that is often used interchangeable with "emerging economies"
kets
7. Gross Domestic The sum of value added by resident firms, households, and government operating
Product (GDP) in an ecconomy
8. Purchasing Pow- A conversion that determines the equivalent amount of goods and services that
er Party (PPP) different currencies can purchase
9. Gross National GDP plus income from non-resident sources abroad
Product (GNP)
10. Gross National GDP plus income from nonresident sources abroad. GNI is the term used by the
Income (GNI) World Bank and other international organizations to supersede the term GDP
11. BRIC Brazil, Russia, India, and China
12. Triad North America, Western Europe, and Japan
13. Base of the Pyra- Economies where people make less than $2000 per capita per year
mid (BOP)
1/2
Study online at https://quizlet.com/_19mje2
1. International A business that engages in international economic activities and/or the action of
Business doing business abroad
2. Multinational En- A firm that engages in foreign direct investment (FDI)
terprise (MNE)
3. Foreign Direct In- Investment in, controlling, and managing value-added activities
vestment (FDI)
4. Global business business around the globe
5. Emerging A term that has gradually replaced the term "developing countries"
economies
6. Emerging mar- A term that is often used interchangeable with "emerging economies"
kets
7. Gross Domestic The sum of value added by resident firms, households, and government operating
Product (GDP) in an ecconomy
8. Purchasing Pow- A conversion that determines the equivalent amount of goods and services that
er Party (PPP) different currencies can purchase
9. Gross National GDP plus income from non-resident sources abroad
Product (GNP)
10. Gross National GDP plus income from nonresident sources abroad. GNI is the term used by the
Income (GNI) World Bank and other international organizations to supersede the term GDP
11. BRIC Brazil, Russia, India, and China
12. Triad North America, Western Europe, and Japan
13. Base of the Pyra- Economies where people make less than $2000 per capita per year
mid (BOP)
1/2
