A Solid Grasp of Local Values,customs,and Traditions Can Help Reduce

question 65

True/False

A solid grasp of local values,customs,and traditions can help reduce a company's exposure to political risk.

Identify attitudes toward international operations (ethnocentric, polycentric, regiocentric, geocentric) and their implications for managerial decisions in multinational corporations.

Distinguish between host country expectations and the benefits of local versus foreign control within international businesses.

Articulate the characteristics and distinctions between a global company and a transnational company.

Understand the geological processes leading to high elevations such as in the Tibetan Plateau.

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Definitions:

Derived Demand

Demand for a commodity, service, etc., that is a consequence of the demand for something else.

Inputs Demand

The requirement for resources and materials necessary to produce goods and services in an economy.

Secondary Demand

The desire for products and services that derive from the demand for another product or service.

Derived Demand

The demand for a good, service, or factor of production resulting from the demand for another good or service.