Relativism Is the Theory That Ethical Truths Depend on the Values

question 83

True/False

Relativism is the theory that ethical truths depend on the values of the groups holding them; thus, MNEs should adhere to or adopt the cultures of the countries in which they are located.

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Definitions:

Buying Power

The capacity of an individual or group to purchase goods or services, often related to their disposable income and economic conditions.

Heterogeneous Groups

Groups composed of members having a mix of different backgrounds, talents, experiences, and perspectives.

Prospective Buyers

Individuals or entities that are potential customers, showing interest in purchasing a company's products or services.

Customer Service

The ability of logistics management to satisfy users in terms of time, dependability, communication, and convenience.