Key Advantages of an Ethnocentric Attitude Include More Support from Host

question 38

True/False

Key advantages of an ethnocentric attitude include more support from host governments and committed local managers with high morale.

---

Definitions:

Positive Externalities

Benefits that are enjoyed by a third-party or society as a whole as a result of an economic transaction or activity, without them directly paying for it.

Utility Function

A mathematical representation that describes how consumers rank preferences among different commodity bundles.

Campers' Utility

A hypothetical measure of the satisfaction or happiness that campers gain from participating in camping activities or utilizing camping facilities.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.