Which of the Following Terms Refers to the Belief That

question 84

Multiple Choice

Which of the following terms refers to the belief that home country attitudes,management style,knowledge,evaluation criteria,and managers are superior to anything the host country has to offer?

• A) polycentric
• B) ethnocentric
• C) geocentric
• D) monocentric
• E) francocentric

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Definitions:

Marginal Revenue

The additional income that is generated by selling one more unit of a product or service.

Market Price

The current price at which a good or service can be bought or sold in a marketplace.

Average Variable Cost

The total variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.

Profit Maximization

The method used by a company to establish the price and quantity of production that generates the maximum profit.