Ethnocentric managers believe that their native country, culture, language, and behavior

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What type of managers believe that their native country?
Which type of international manager believes that their native country culture language and behavior are superior to all others?
What are reasons for global outsourcing or offshoring to a foreign supplier choose every correct answer?
Which are examples of devices countries use to exert trade protectionism?

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Chapter 4

Question	Answer
Globalization	The trend of the world economy toward becoming a more interdependent system
Ethnocentric managers	believe that their native country, culture, language, and behavior are superior to all others
Parochialism	narrow view in which people see things solely through their own perspective
Polycentric managers	take the view that native managers in the foreign offices best understand native personnel and practices, and so the home office should leave them alone
Geocentric managers	accept that there are differences and similarities between home and foreign personnel and practices and that they should use whatever techniques are most effective
5 Ways of Expanding Internationally	1. Global outsourcing 2. Importing, exporting, and counter trading - Bartering goods for goods 3. Licensing & franchising 4. Joint Ventures 5. Wholly-owned subsidiaries
Licensing	a company allows a foreign company to pay it a fee to make or distribute the firms product or service
Franchising	a company allows a foreign company to pay it a fee and a share of the profit in return for using the company's brand name and a package of materials and services
Joint ventures or strategic alliance	formed with a foreign company to share the risk and rewards of starting a new enterprise together in a foreign country
Wholly-owned subsidiary	foreign subsidiary that is totally owned and controlled by an organization
Tariffs	customs duty, or tax, levied mainly on imports
import quotas	limits on the numbers of a product that can be imported
embargoes	complete bans on trade between one country and another
sanctions	a trade prohibition on certain types of products or services for a specific reason
Organizations Promoting International Trade	1. World Trade Organization (WTO) 2. The World Bank 3. International Monetary Fund (IMF)
Trading Bloc	a group of nations within a geographic region that have agreed to remove trade barriers with one another
Trans-Pacific Partnership (TPP)	Trade agreement among 12 pacific rim countries
Most favored nation trading status	describes a condition in which a country grants other countries favorable trading treatment such as the reduction of import duties

1.Global Outsourcing -Outsourcingis defined as using suppliers outside the company toprovide goods and services-Global outsourcing/offshoringis defined as using suppliers outside the US toprovide labor, goods, or services2.Importing, Exporting, & Countertrading- When importing,a company buys goodsoutside the country and resells them domestically. When exporting, a companyproducesgoods domestically and sells them outside the country. Sometimes, other countries maywish to import American goods but lack the currency to pay for them -> the exporting UScompany may resort to countertrading, bartering goods for goods3.Licensing & Franchising -In licensing, a company allows a foreign company to pay it afee to make or distribute the first company’s product or service. Franchisingis a form oflicensing in which a company allows a foreign company to pay it a fee and a share of theprofit in return for using the first company’s brand name and a package of materials and

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What type of managers believe that their native country?

Transcribed image text: QUESTION 10 Ethnocentric managers believe that their native country, culture, language, and behavior are hurtful to others.

Which type of international manager believes that their native country culture language and behavior are superior to all others?

Ethnocentrism, as sociologist William Graham Sumner (1906) described the term, involves a belief or attitude that one's own culture is better than all others.

What are reasons for global outsourcing or offshoring to a foreign supplier choose every correct answer?

It has resources not available in the U.S. It has a longer supply chain than your current supply chain. It has labor that is cheaper than American labor. It has higher tariffs than the U.S.

Which are examples of devices countries use to exert trade protectionism?

Tariffs, import quotas, product standards, and subsidies are some of the primary policy tools a government can use in enacting protectionist policies.