C211 Second OA quizzes with Verified Answers
Developing
countries
gross national
product
BRICS countries
North America,
Western Europe,
and Japan
less than $2,000
Lowering prices
and features of
existing prod-
ucts to meet
emerging market
needs
It only has 19
member coun-
tries.
...
C211 Second OA quizzes with Verified Answers
1. Developing The term "emerging economies" has replaced the term
countries .
2. gross national The gross domestic product plus the income from
product non-resident sources abroad gives the .
3. BRICS countries More than 25% of global GDP comes from .
4. North America, Viewing the global economy as a pyramid, the Triad refers
Western Europe, to .
and Japan
5. less than $2,000 People who earn a year comprise the base of the
global economic pyramid.
6. Lowering prices Which of the following would be an example of a top down
and features of innovation?
existing prod-
ucts to meet
emerging market
needs
7. It only has 19 Which of the following is true of the Group of 20 (G-20)?
member coun-
tries.
8.
Understanding Which of the following does the institution-based view of
the laws and global business lay emphasis on?
values of the
firm's host
nation.
9.
focuses on The resource-based view of global business differs from
the internal the institution-based view of global business in that the
strengths on the resource-based view .
firm
10.
foreign firms in The liability of foreignness is the inherent disadvantage
host nations due faced by .
, C211 Second OA quizzes with Verified Answers
to their non-na-
tive status
11. It is a west- Which of the following is true of globalization according to
ern ideology fo- the "new force" perspective?
cused on exploit-
ing and domi-
nating the world
through MNEs
12. Semiglobaliza- The concept of suggests that barriers to market
tion integration at borders are high, but not high enough to
completely insulate countries from each other.
13. Localization The strategy of treating each country as a unique market
and in total isolation is referred to as .
14. Shrinking MNEs from the Triad dominate the list of the 500 largest
MNEs; their share has been .
15. purchasing pow- A conversion that determines the equivalent amount of
er parity goods and services that different currencies can buy is
known as .
16. Brazil Which of the following countries would be characterized
as an emerging economy?
17. Japan Which of the following countries is represented in the
Triad of the global economic pyramid?
18. reverse innova- A is defined as an innovation that is adopted first in
tion emerging economies and then diffused around the world.
19. institution-based The view suggests that the success and failure of
firms are largely determined by their environments.
20. resource-based The view of global business focuses on internal
factors that can help a firm overcome its external environ-
ment.
, C211 Second OA quizzes with Verified Answers
21. Globalization is a Which of the following is true of globalization according to
not a one-direc- the "pendulum view" perspective?
tional phenome-
non
22. semiglobaliza- The concept of suggests that barriers to market
tion integration at borders are high, but not high enough to
completely insulate countries from each other.
23. Standardization is the strategy of treating the entire world as one
market.
24. government in- Protectionism is similar to mercantilism as they both ad-
volvement in in- vocated .
ternational trade
25. Protectionism The principle advocated that governments should
actively protect domestic industries from imports and vig-
orously promote exports.
26. National compet- Which of the following is a modern trade theory?
itive advantage
27. Product life cycle Which of the following trade theories divides the nations
of the world into three categories?
28. Product life cycle Which of the following was the first international trade
theory theory to account for changes in the patterns of trade over
time?
29. product is stan- In the third stage of the product life cycle theory, the
dardized .
30. It is the as- Which of the following describes resource mobility as
sumption that a assumed by the classical theories of international trade?
resource used
in producing a
product for one
industry can be
shifted and put
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