Chp 3 Flashcards
(15 cards)
The reasons why businesses go international include gaining new markets and search for
lower labor costs
when Rocky Brands decided tot buy full ownership of manufacturing company in Dominican Republic, Rockey was engaging in which form of international business?
foreign subsidiary
a form of international business that falls into the category of a direct investment strategy is:
joint venture
the world Trade organization, or WTO, would most likely become involved in disputes between countries over __
ethnocenrism
Business complaints about copyright protection and intellectual property rights in some countries illustrate how differences in ____ can impact international operations
legal environments
In ___ cultures, members tend to do one thing at a time; in ___ cultures, members tend to do many things at once
mono-chronic, polychoronic
A culture that places great value on meaning expressed in the written or spoken word would be described as ___ by Hall
low-context
It is common in Malaysian culture for people to value teamwork and to display great respect for authority. Hofstede would describe this culture as high in both
collectivism and power distance
In hofstede’s study of national cultures, america found to be the most ____ compared with other countires in his sample
individualistic
It is ___ when a foreign vistor takes offence at a local custom such as dinning with one’s fingers, considering it inferior to the practices of his or her own culture
enthnocentric
when a clothing manufacturer buys cotton in Egypt, has tops sewn from it in Sri Lanka according to designs made in Italy, and then offeres them for sale in Canada, this form of international business is known as___
global sourcing
the difference between an international business and a transnational corporations is that a transnational corporations ___
tries to operate without a strong national Identity
The corruption of foreign public officials act makes it illegal for
Canadians businesses to make “payoffs” abroad to gain international business contracts
in a culture described by project GLOBE as high in ____, one would expect to find men and women treated equally in terms of job and career opportunities
Gender egalitarianism
Hofsted would describe a culture whose members respect age and authority and whose workers defer to the preferences of their supervisors as
high power distance
