The Approach a Company Takes When It Bases Foreign Operations

question 35

Multiple Choice

The approach a company takes when it bases foreign operations on an informed knowledge of its organizational culture along with home- and host-country needs, capabilities, and constraints is called ________.

• A)polycentrism
• B)ethnocentrism
• C)neocentrism
• D)geocentrism

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Definitions:

Bid

An offer made by an individual or company to buy a good, service, or asset at a specified price.

Ask

The lowest price a seller is willing to accept for an asset in financial markets.

Profit

is the financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Bid-ask Margin

The difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask), indicative of market liquidity.