International Business Management - GDP - Big Mac Index - Management Assessment Answer

International Business Management Assessment Answer

1. The Big Mac Index is also known as _ Explain the term in a few sentences.
2. What is GDP? What effect does the country’s population have on the GDP, explain in a few  sentences
3. Name two countries each of High and Low Context Societies a.____________ and b.____________. What are the three typical characteristics of these societies?
4. Global Business is right in your backyard. Do you agree with this statement? Elaborate in a few sentences.
5. With India in the 90s as an example, what is the effect of “closed economy” on a country? In your business opinion, why is North Korea negotiated peace?
6. Name the typical three modes of entry in International Business. Explain any two.

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