A Firm Using a Polycentric Staffing Policy Will

question 8

Multiple Choice

A firm using a polycentric staffing policy will

• A) be less likely to suffer from cultural myopia.
• B) seek the best people for key jobs throughout the organization, regardless of nationality.
• C) most likely follow an ethnocentric strategy.
• D) be likely to have improved communication between host-country managers and parent-country managers.

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Definitions:

Third-Degree Price Discrimination

A pricing strategy where a seller charges different prices to different customer groups based on attributes like age, location, or income.

Profit-Maximizing Monopolist

A single seller in a market who determines the optimal level of output and price to maximize profits, facing no competition.

Same Price

A situation where different products, services, or commodities are sold for an identical amount of money.

Market 1

A generalized term referring to a space or system in which buyers and sellers engage in the exchange of goods, services, or information.