When a Company Believes That Domestic Strategies, Techniques, and Personnel

question 67

Multiple Choice

When a company believes that domestic strategies, techniques, and personnel are superior to foreign ones it is using a(n) :

• A)ethnocentric orientation
• B)polycentric orientation
• C)regiocentric orientation
• D)geocentric orientation

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Definitions:

Foreign Currency

Money or currency used in a country other than one's own.

Physical Commodity

Tangible goods that can be traded, bought, or sold, such as oil, gold, or agricultural products.

Intrinsic Value

The inherent worth of something, regardless of its external market price.

Foreign Exchange Trades

The action of buying and selling currencies on the foreign exchange market, a crucial component for international business operations and investment.