Global Business Today 2026
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globalization - 🧠 ANSWER ✔✔trend away from distinct national economic
units and toward one huge global market.
globalization of markets - 🧠 ANSWER ✔✔Moving away from an economic
system in which national markets are distinct entities, isolated by trade
barriers and barriers of distance, time, and culture, and toward a system in
which national markets are merging into one global market
,globalization of production - 🧠 ANSWER ✔✔Trend by individual firms to
disperse parts of their productive processes to different locations around
the globe to take advantage of differences in cost and quality of factors of
production.
factors of production - 🧠 ANSWER ✔✔Inputs into the productive process of
a firm, including labor, management, land, capital, and technological know-
how
general agreement on tariffs and trade (GATT) - 🧠 ANSWER
✔✔international treaty that committed signatories to lowering barriers to the
free flow of goods across national borders; led to the World Trade
Organization
World Trade organization (WTO) - 🧠 ANSWER ✔✔the organization that
succeeded the general agreement on tariffs and trade (GATT) as a result of
the successful completion of the Uruguay round of GATT negotiations
International Monetary Fund (IMF) - 🧠 ANSWER ✔✔international institution
set up to maintain order in the international monetary system
World Bank - 🧠 ANSWER ✔✔International institution set up to promote
general economic development in the worlds poorer nations
, United Nations - 🧠 ANSWER ✔✔An international organization made up of
193 countries headquartered in NYC, formed in 1945 to promote peace,
security, and cooperation.
G20 - 🧠 ANSWER ✔✔Comprises the finance ministers and central bank
governors of the 19 largest economies in the world, plus representatives
from the European Union and the European Central Bank.
International Trade - 🧠 ANSWER ✔✔Occurs when a firm exports goods or
services to consumers in another country
Foreign Direct Investment (FDI) - 🧠 ANSWER ✔✔Direct investment in
business operations in a foreign country.
Moore's Law - 🧠 ANSWER ✔✔the of power microprocessors technology
doubles and its costs of production fall in half every 18 month
Stock of Foreign Direct Investment - 🧠 ANSWER ✔✔The total accumulated
value of foreign-owned assets at a given time.
Multinational Enterprise (MNE) - 🧠 ANSWER ✔✔A firm that owns business
operations in more than one country
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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Expert Verified | Ace the Test
globalization - 🧠 ANSWER ✔✔trend away from distinct national economic
units and toward one huge global market.
globalization of markets - 🧠 ANSWER ✔✔Moving away from an economic
system in which national markets are distinct entities, isolated by trade
barriers and barriers of distance, time, and culture, and toward a system in
which national markets are merging into one global market
,globalization of production - 🧠 ANSWER ✔✔Trend by individual firms to
disperse parts of their productive processes to different locations around
the globe to take advantage of differences in cost and quality of factors of
production.
factors of production - 🧠 ANSWER ✔✔Inputs into the productive process of
a firm, including labor, management, land, capital, and technological know-
how
general agreement on tariffs and trade (GATT) - 🧠 ANSWER
✔✔international treaty that committed signatories to lowering barriers to the
free flow of goods across national borders; led to the World Trade
Organization
World Trade organization (WTO) - 🧠 ANSWER ✔✔the organization that
succeeded the general agreement on tariffs and trade (GATT) as a result of
the successful completion of the Uruguay round of GATT negotiations
International Monetary Fund (IMF) - 🧠 ANSWER ✔✔international institution
set up to maintain order in the international monetary system
World Bank - 🧠 ANSWER ✔✔International institution set up to promote
general economic development in the worlds poorer nations
, United Nations - 🧠 ANSWER ✔✔An international organization made up of
193 countries headquartered in NYC, formed in 1945 to promote peace,
security, and cooperation.
G20 - 🧠 ANSWER ✔✔Comprises the finance ministers and central bank
governors of the 19 largest economies in the world, plus representatives
from the European Union and the European Central Bank.
International Trade - 🧠 ANSWER ✔✔Occurs when a firm exports goods or
services to consumers in another country
Foreign Direct Investment (FDI) - 🧠 ANSWER ✔✔Direct investment in
business operations in a foreign country.
Moore's Law - 🧠 ANSWER ✔✔the of power microprocessors technology
doubles and its costs of production fall in half every 18 month
Stock of Foreign Direct Investment - 🧠 ANSWER ✔✔The total accumulated
value of foreign-owned assets at a given time.
Multinational Enterprise (MNE) - 🧠 ANSWER ✔✔A firm that owns business
operations in more than one country
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
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