To Limit Serious Unethical Behaviour Such as Bribery and Corruption,many

question 23

Multiple Choice

To limit serious unethical behaviour such as bribery and corruption,many participating international business managers are adopting a:

• A)zero-tolerance policy towards ethical violations.
• B)laissez-faire policy approach to cope.
• C)'When in Rome,do as the Romans do' policy.
• D)'give and take' policy approach.

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Definitions:

Cost Leadership

A business strategy aiming to achieve the lowest operational costs in an industry to offer products or services at a lower price than competitors.

Effective Marketing Strategy

A comprehensive plan crafted to communicate a product's or service's value to the target audience, aiming to achieve marketing objectives and enhance market position.

Competitive Advantages

Refers to conditions that allow a company or country to produce goods or services at a lower price or in a more desirable fashion for customers than its competitors.

Cost Leadership

A strategy where a company aims to become the lowest cost producer in the industry to gain a competitive advantage.