Cultural Elements May Affect Location Advantages in That Business Transactions

question 103

True/False

Cultural elements may affect location advantages in that business transactions are easier for a firm to complete when there is a strong cultural match with the institutions with which the firm is involved while implanting its international strategy.

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Definitions:

Variables

Elements, features, or factors that are likely to vary or change within the context of a scientific study or experiment.

Correlation Coefficient

A statistical measure that calculates the strength of the relationship between the relative movements of two variables. The values range between -1.0 and 1.0.

Calculation Error

A mistake made during the process of calculating, which can result in an incorrect outcome or answer.

Variables

Elements, features, or factors that can change and affect the outcome of scientific experiments or research studies.