National differences II

Question 1

Measures the total anual income received by residents of a nation

Answer 1

Gross national income (GNI)

Question 2

An adjustment in gross domestic product per capita to reflect differences in the cost of living

Answer 2

Purchasing power parity (PPP)

Question 3

An attempt by the united nations to assess the impact of a number of factors on the quality of human life in a country

Answer 3

Human development index (HID)

Question 4

Development of new products, processes , organizations, management, practices and strategies

Answer 4

Innovation

Question 5

Those who first commercialize innovations

Answer 5

Entrepreneurs

Question 6

Removal (system) of government restrictions concerning the concerning the conduct of a business

Answer 6

Deregulation

Question 7

Advantages acuring to the first to enter a market

Answer 7

First mover advantages

Question 8

Disadvantages associated with entering a foreign market before other international business

Answer 8

First mover disadvantages

Question 9

Benefits enjoyed by a company that is late to enter a new market, such as consumer familiarity with the product or knowledge gained about market

Answer 9

Late mover advantages

Question 10

Handicaps experienced by being a late entrant in a market

Answer 10

Late mover disadvantages

Question 11

The likelihood that political forces will cause drastic changes in a country’s business environment that will adversely affect the profit and other goals of a particular business enterprise

Answer 11

Political risk

Question 12

The likelihood that events, including economic mismanagement, will cause drastic changes in a country’s business environment that adversely affect the profit and other goals of a particular business enterprise

Answer 12

Economic risk

Question 13

The likelihood that events including economic mismanagement, will cause drastic changes in a country’s business environment that adversely affect the profit and other goals of a particular business enterprise

Answer 13

Economic risk

Question 14

The likelihood that a trading partner will opportunistically break a contact or expropriate intelectual property rights

Answer 14

Legal risk

Question 15

In the most general sense, the long- run monetary benefits of doing business in a country are a function of the size of the market , the present wealth of consumers in that market, and likely future wealth of consumers

Answer 15

Benefits

Question 16

A number of political , economic, and legal factors determines the cost of doing business in a country

Answer 16

Costs

Question 17

As with the cost, the risk of doing business in a country are determined by a number of political , economic, and legal factors

Answer 17

Risks