Exam 1: Globalizing Business

Overall,the focus on firm performance around the globe defines the field of global business more than anything else.

Formal institutions include laws,regulations,and rules.

How does purchasing power parity (PPP) affect the gross domestic product (GDP)?

_____ is the strategy of treating the entire world as one market.

Which of the following tiers in the global economic pyramid would comprise developed nations? 

An international premium is a significant pay raise awarded to expatriate employees working abroad.

Standardization of markets would lead to a state of semiglobalization.

Purchasing power parity (PPP) is a conversion that determines the equivalent amount of goods and services different currencies can purchase.

How can gaining knowledge of global business advance someone's career?​

The concept of _____ suggests that barriers to market integration at borders are high,but not high enough to completely insulate countries from each other.

The current state of globalization around the world is that of semiglobalization.

Summarize the Great Transformation.

How is reverse innovation helping emerging economies?

Purchasing power parity (PPP) is calculated as the sum of value added by resident firms,households,and governments operating in an economy.

The gross domestic product plus the income from non-resident sources abroad gives the ____.

Globalization has driven up the salaries of low-level jobs.

MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been _____.

Gross domestic product (GDP) is the sum of value added by resident firms,households,and governments operating in an economy.

The second tier of the global economic pyramid is made up of countries with a per capita annual income of more than $20,000.

Many opponents of globalization are nongovernmental organizations.