Firms May Choose an Ethnocentric Approach to Staffing as Opposed

question 38

True/False

Firms may choose an ethnocentric approach to staffing as opposed to a polycentric approach because of the cost savings it promotes.

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Definitions:

Marginal Products

The additional output that results from using one more unit of a production input, keeping all other inputs constant.

Total Product

Total Product refers to the overall quantity of output that a firm produces, usually with respect to a given quantity of inputs over a specific period of time.

Marginal Products

The additional output produced as a result of utilizing one more unit of a particular input.

Marginal Product

It is the increase in output that results from a one-unit increase in the input, keeping all other inputs constant.