What Is the Most Important Advantage of Using a Geocentric

question 42

Multiple Choice

What is the most important advantage of using a geocentric staffing policy?

• A) It enables the firm to build a cadre of international executives who feel at home working in a number of cultures.
• B) It may be less expensive to implement than other policies, reducing the costs of value creation.
• C) The higher pay managers on an international fast track enjoy is a source of inspiration within a firm.
• D) It reduces the need for futile and time-consuming documentation.

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Definitions:

Acquisition Costs

The total cost associated with acquiring a new asset, customer, or property, including all legal, advisory, and administrative expenses.

Customer Retention

The activities and actions companies take to reduce the number of customers leaving or switching to a competitor.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.

High-profitability

Refers to the ability of a business or investment to generate earnings significantly above its costs and expenses.