Recruiting Managers from Latin America for a Position in Brazil

question 98

Multiple Choice

Recruiting managers from Latin America for a position in Brazil is an example of which staffing approach?

• A) global
• B) ethnocentric
• C) regiocentric
• D) polycentric

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Definitions:

Perfectly Price Elastic

A market scenario where the demand for a product is extremely sensitive to changes in price, meaning consumers will stop buying the product if the price increases even slightly.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers at various prices.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating how sensitive consumers are to price changes.

Texas

A state located in the South Central region of the United States, known for its large size, diverse landscapes, and significant cultural and historical contributions.