Is another potential drawback of globalization
a) neutralization
b) out sourcing
c) homogeneity
d) ethnocentric
Answer: C
Learn More :
Business Strategy Chapter 7
- Starting a new venture in a foreign country by constructing new operational facilities from the ground up. Also known as "wholly owned subsidiary"
- Some critics further suggest that globalization promotes a "___" that drives down wage rates and creates pressure to eliminate labor laws (particularly in developing countries)
- This works against treating the world as a single global marketplace.
- There are still major differences between nations in business systems, legal systems, infrastructure, and overall level of economic development.
- Consumer tastes and preferences vary across nations and cultures. However, consumer tastes and preferences can change over time.
- Like consumer tastes and preferences, these factors can also change over time.
- Business leaders insist that economic benefits flow back to the U.S. economy in the form of all except:
- (BOP) stands for:
- _______ companies are starting to adopt BOP strategies.
- More than ___ billion people make up the lowest level of the world's economic "pyramid".
- The United States' primary concerns is the
- ___ of Americans believe free trade has hurt the United States.
- A tendency to regard your own culture as superior
- Which one of these is NOT a cultural characteristic:
- People use communication primarily to exchange facts and information. Meaning derived primarily from words. Business more important than building relationships and trust Individual's welfare and achievement more important than group's.
- People are sensitive to circumstances surrounding social exchanges. Meaning derived form context (setting, status, nonverbal cues)Relationships and trust more important than business. Group's welfare and harmony more important than individual's
- Social rules and guidelines that prescribe appropriate behavior in particular situations.
- The system of values and norms that are held in common by people living in a society
- Licensing of a good or service and business model to partners for specified fees (usually a signing fee and a percentage of the franchisee's revenues or profits)
- The process of sending goods and services from one country to another for distribution, sale, and service.
- The process of entering an international market by leasing the right to use the firm's intellectual property to a firm doing business in the targeted international market.
- Local customization emphasized
- Uses decentralized structure
- The firm establishes a collection of relatively independent operating subsidiaries, each of which focuses on a specific domestic market.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.