WGU C211 Complete Answers 100% Correct (Latest 2024) STUDY GUIDE
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1. Base of the pyramid (BOP) Answer: Economics where people make less $2,000 percapita per year. 2. BRIC Answer: Brazil, Russia, India, and China 3. Emerging economies Answer: a term that has gra... dually replaced the term "developingcountries" since the 1990s. 4. Emerging markets Answer: a term that is often used interchangeably with "emergingeconomies." 5. expatriate manager Answer: a manager who works abroad, or "expat" for short. 6. FDI: foreign direct investment Answer: investment in, controlling, and managing value-added activities in other countries. 7. global business Answer: business around the globe including both international(cross-border) activities and domestic activities. 8. Globalization Answer: the close integration of countries and people of the world. 9. GDP: gross domestic product Answer: the sum of value added by resident firms,households, and governments operating in an economy. 10. GNI: gross national income Answer: GDP plus income from non-resident sourcesabroad. 11. group of 20 (G-20) Answer: the group of 19 major countries plus the European Union(EU) whose leaders meet on a biannual basis to solve global economic problems. 12. international business (IB) Answer: 1. a business or firm that engages in international(cross-border) economic activities and/or 2. the action of doing business abroad. [Show More]
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