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 markets Correct Answer: A term that is often used interchangeably with "emerging economies." Expatriate manager Correct Answer: A manager who works abroad, or "expat" for short. Foreign direct investment (FDI) Correct Answer: Investment in, controlling, and managing value-added activities in other countries. Global Business Correct Answer: Business around the globe. Gross national income (GNI) Correct Answer: GDP plus income from non-resident sources abroad. The term used by the World Bank and other international organizations to supersede the term GNP. Gross national product (GNP) Correct Answer: GDP plus income from non-resident sources abroad International business (IB) Correct Answer: (1) A business (or firm) that engages in international (cross-border) economic activities and/or (2) the action of doing business abroad. International premium Correct Answer: A significant pay raise when working overseas. Liability of foreignness Correct Answer: The inherent disadvantage that foreign firms experience in host countries because of their non-native status. Multinational enterprise (MNE) Correct Answer: A firm that engages in foreign direct investment (FDI). Reverse innovation Correct Answer: An innovation that is adopted first in emerging economies and is then diffused around the world
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