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What Is Globalization? What Modes of International Business Are Used

question 52

Essay

What is globalization? What modes of international business are used by firms that want to globalize? Briefly describe each method.


Definitions:

Point Method

A technique used in job evaluation to quantify the value of a job's aspects or components, assigning points based on complexity, skills required, and responsibilities.

Expectancy Theory

A motivation theory suggesting that an individual's willingness to work is based on the expectation that their efforts will lead to desired performance and rewards.

Instrumentality Theory

A concept in motivation theory that suggests the perceived relationship between performance and outcomes affects motivation.

Valued Reward

A tangible or intangible benefit given in recognition of achievement, performance, or service deemed desirable by the recipient.

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