MultiNational Enterprise (MNE) is a firm that engages in Purchasing power parity (PPP) Institution include laws, regulation Liability of foreignness Principles of free trade are th Formal institutions are an example of forma Developed nations are immediately bene Undeveloped nations (Least developed Countries (LDC)) are in the bottom tier Emerging economies All factors of production shou European Union is included in the Grou Resource is a conversion that deti Informal institutions are an example of inform Rational The _-based view places Trademarks are intellectual property Patents are intellectual property v Copyrights are intellectual property ----- Command A fundamental proposition of V Market in business transactions ---- Predictability in business transactions Laws include laws, regulation Norms Principles of free trade are thiv Principles of free trade are the fundation of a economy is the inherent disadvantage experienced by foreign firms in host countries because of their non-native status. in business transactions is a key attribute of institutions. is a firm that engages in foreign direct investment by directly investing in controlling, and managing value-added activities in other countries. are immediately beneath the top tier of the global economic pyramid. are intellectual property covering works of authorship. are an example of informal institions. The -based view places emphasis on the external factors that could affect a firm. The view focuses on the internal strengths on the firm. Values and beliefs of a culture are examples of are intellectual property covering product names and brands. are intellectual property covering inventions and technology enabling the ower to exlcude others from making, unsing, or selling the specific invention or technology Is a conversion that determines the equivalent amount of goods and services different currencies can purchase. are in the bottom tier in the global economic pyramid. Include laws, regulations, and rules. A fundamental proposition of the institution-based view requires managers to engage in ___behavior. _ is included in the Group of 20 (G-20) are an example of formal institions. are in the top tier in the global economic pyramid