Kafli 1

Question 1

sovering nations

Answer 1

Countries that govern themselves rather than being controled by a foreign power

Question 2

globalized markets

Answer 2

A large market created by combining seprate national markets

Question 3

Global convergence

Answer 3

The spread of common prefrences across national borders. For exaple coca cola

Question 4

What dod global rivalries force firms to do?

Answer 4

Stay current and also force smaller brands out of the markets. For exaple pepsi and coke have a rivalry that will push smaller soda brands out of the markets

Question 5

Factors of production

Answer 5

The component parts, skill stes, or information required to produce a product or service, usually classifies as land, labor or capital

Question 6

globalization of production

Answer 6

The sourcing of land, labor and capital from diffrent nations rather than obtaining everything locally

Question 7

Arbitrage

Answer 7

The search for deals on production across geograpich boundries

Question 8

flat world theroy

Answer 8

The flat world is a world with free acess to markets, few barriers to competision and consistent enforcement of regulations

Question 9

10% presumption

Answer 9

The presumption that 10% of activity is conducted gobaly. With 90% being domestic

Question 10

Multilateral organizations

Answer 10

Organizations formed between three or more nations to work on issues that relate to their joint intrest

Question 11

Emerging markets

Answer 11

Are countries moving tword open and free market policies

Question 12

How many common factors help identify an emerging markets

Answer 12

3

Question 13

What is the first common factor to help identify emrging markets

Answer 13

Is polotical policies that encourage free trade, privat ownership and foreign investments

Question 14

What is the second factor that helps identify emerging markets

Answer 14

Is “catching up” level of growth, for example advanced economics or developed markets expirience avrage economic growth of around 2% per year. To be emerging markets should have at least 4%

Question 15

What is the third factor that helps idientify emerging markets

Answer 15

Is an intermediate income level among citizens

Question 16

Thanks to the three factors that help idintify emerging markets______?

Answer 16

Emerging markets presetn high potential locations for growth becouse they represent un tapped markets with high level og sconomic activity

Question 17

Multinational operation (MNC)

Answer 17

Is a company with operations in more than one country