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Compare and contrast the ethnocentric, polycentric, and geocentric approaches to staffing for international businesses. Discuss the role of cultural myopia within the ethnocentric staffing policy.
Utilization
The extent to which a resource, such as equipment or labor, is being used effectively, typically expressed as a percentage of total available capacity.
Efficiency
The ratio of the output generated to the input used, expressing the effectiveness of a system or process in utilizing resources.
Break Even
The point at which total revenues equal total costs, resulting in no profit or loss.
Variable Costs
Costs that change in direct proportion to the level of production or business activity.
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