An Ethnocentric Approach to Staffing Is Appropriate for Firms That

question 96

Multiple Choice

An ethnocentric approach to staffing is appropriate for firms that are pursuing a(n) _____.

• A) localization strategy
• B) international strategy
• C) global standardization strategy
• D) transnational strategy

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Definitions:

Marginal Cost

The price involved in producing one more unit of a product or service.

Marginal Revenue

The additional revenue that is gained by selling one more unit of a product.

Deadweight Losses

Economic inefficiencies that occur when market equilibrium is disrupted, leading to a loss of economic welfare.

Lowest ATC

The point where a firm achieves the lowest average total cost of production, optimizing operational efficiency.