In the Transnational Organization of Today,top Management Must Control Global

question 22

True/False

In the transnational organization of today,top management must control global business management,worldwide functional management and geographic (country)subsidiary management,so that three groups would not attempt to provide divergent influence on the corporate strategies.

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Definitions:

Consumers

Individuals or entities that purchase goods or services for personal use, not for manufacture or resale, playing a central role in economies by driving demand.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.

Ethical Values

Fundamental beliefs about what is right, wrong, good, or bad in terms of human behavior and interactions.

Doing Business

The act of engaging in commercial, industrial, or professional activities with the aim of earning profits.