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Manufacturing highly standardized products are usually more profitable in high context cultures due to economies of scale.
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- Which of the following strategies of multinational companies is more likely to reduce costs? local responsiveness designing advertisements in multiple languages sending employees to foreign trips each year global integrationWhen one country can produce a product at a lower cost in terms of other goods, that country is said to have Group of answer choices a productive advantage. an unfair advantage. a comparative advantage. an absolute advantage.Discuss the role of Islam in cross-cultural relations and business operations.
- Country A would have an absolute advantage compared to Country B in the production of corn if Group of answer choices Country A uses fewer resources to produce corn than Country B does. corn sells for a higher price in Country A than in Country B. the demand for corn is higher in Country A than in Country B. corn can be produced at lower cost in terms of other goods than it could be in Country B.Romilo produces 250 different varieties of potatoes sourced from nearby villages, suggesting he likely lives in: Maine China Ireland Peru, or maybe Chile All of the following are reasons that foreign countries and corporations engage in long-term leases of land or outright land purchases in other countries EXCEPT: These countries and corporations may be concerned about the long-term food security of their home population These countries and corporations have a stated goal of promoting neo-colonialism These countries and corporations may be pursuing a strategy to ensure energy security These countries and corporations may be interested in low prices for labor and land CITES seeks to preserve the existence of endangered species. This existence value is a __________. CITES is effective, but very narrowly focused on __________. public good, fish private good, rhinos…UN peacekeepers have tried to maintain law and order in failing or disintegrating societies by aiding in civil administration, policing, and rehabilitating infrastructure. This is often called _____________.
- Discuss whether MNC’s will always be beneficial for the consumers and the economy of the host countryIn what kind of industries does a localization strategy make sense? Why? When does a global standardization strategy make the most sense? Why?Inter-industry trade involves trade among nations with firms producing very similar, highly substitutable items. FALSE TRUE
- Due to coronavirus there has been government policies implemented to reduce the importation of chicken in Jamaica, discuss two possible policies they might have implementedShould an MNC alter its ethical standards to accommodate a host country in order to successfully compete internationally? Why or why not? What are the ramifications of an incorrect decision?Understand the role of cross-functional teams in promoting integration?