WGU C211 - Global Economics for Managers Bundle

Views on Globalization CORRECT ANSWER New, Evolutionary, and Pendulum "New" view on globalization CORRECT ANSWER A force sweeping through the world in recent times. "Evolutionary" view on globalization CORRECT ANSWER A long-run historical evolution since the dawn of human history "Pend...

Base of the pyramid (BOP) CORRECT ANSWER Economies where people make less than $2,000 per capita per year. BRICA CORRECT ANSWER Brazil, Russia, India, and China. Emerging economies CORRECT ANSWER term that has gradually replaced the term "developing countries" since the 1990s. Emerging ma...

Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? CORRECT ANSWER The new-force view Economic gains come from international trade because one country's exported goods, services, ...

Views of globalization (Chp 1.4) CORRECT ANSWER 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking CORRECT ANSWE...

The resource-based view of global business differs from the institution-based view of global business in that the resource-based view _____. CORRECT ANSWER focuses on the internal strengths on the firm The _____ of globalization suggests that globalization is neither recent nor one-directional. C...

Globalization CORRECT ANSWER The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) CORRECT ANSWER A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning CORRECT ANSWER A technique t...

What different political views exist on Foreign Direct Investment FDI? CORRECT ANSWER Radical View, Free Market View, Pragmatic Nationalism **answer includes radicalism** What is resource similarity and how does this impact competitive dynamics? CORRECT ANSWER Extent to which a given competito...

Views of globalization (Chp 1.4) CORRECT ANSWER 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Location specific advantage of Natural resource—seeking...