A company's chief executive officer (CEO) wants to expand the company into
China and is reviewing the Chinese word guanxi, the basis of all business in that
country.
Which English meaning must the CEO understand in regards to this Chinese
concept? - ANSWERS-You owe me one.
Which Latin American phrase (translated into English) typifies how time is viewed,
which can make conducting business frustrating to Northern European companies
seeking to expand in Latin America? - ANSWERS-Time is space.
A chief executive officer (CEO) of a Scandinavian company sought to expand
operations in Japan through a joint venture. When the CEO asked the Japanese
business owner whether she was committed to the venture, the business owner
responded with a flat-toned "yes." The outcome the CEO expected did not
happen, and the joint venture failed.
What was the CEO's misinterpretation in this communication? - ANSWERS-The
response indicated agreement.
A company's chief executive officer (CEO) emphasizes to other executives in the
foreign country's joint venture that the CEO's culture should take precedence
over other cultural systems since it is superior.
Which type of viewpoint is the CEO demonstrating regarding culture? - ANSWERS-
Ethnocentrism
,A company wants its expatriates to receive the best training to adapt to the local
environment in the host country.
What is the goal of this training? - ANSWERS-Cultural agility
A company is considering establishing a subsidiary in a new host country and
wishes to prepare its expatriates to adapt to the local environment.
How should this company prepare its expatriates? - ANSWERS-Cultural training
An employee has assumed an expatriate role and is studying textbooks to learn
about cultural differences in order to function smoothly in the new setting.
Which helpful secondary source training is the expatriate using? - ANSWERS-
Documentary
An employee who is scheduled to become an expatriate has successfully passed
the survival training stage.
What type of training is used by the company after passing this stage? -
ANSWERS-Field simulation
Three Approaches to HRM - ANSWERS-1. Ethnocentric
2. Polycentric
3. Geocentric
A company operating in a foreign country hires and conducts business according
to the cultural practices in its home country.
,Which approach to human resource management is used by this company? -
ANSWERS-Ethnocentric
What is the term for the services a company provides when it helps an employee
who has worked in a host country make the transition back to the home country?
- ANSWERS-Repatriation
The sequence of processes involved in the production and distribution of a
commodity - ANSWERS-supply chain
The process by which a company adds value to product, such as production,
marketing, and service - ANSWERS-value chain
Which model of supply chain management focuses on the product and its
production? - ANSWERS-Push
An aircraft manufacturer uses a supply chain management system in which parts
of the aircraft are made in different countries and assembled at the company's
headquarters.
Which type of supply chain is the company using? - ANSWERS-Multinational
A company wishes to expand internationally in countries that have high tariffs on
the product the company makes. The company decides to use foreign direct
investment because the labor costs are low and the country is politically stable.
, Which type of production is the company using? - ANSWERS-Production in the
host country then local retailing
A company wishes to make a foreign direct investment in a new country where it
can make and test products more easily. While local suppliers would not normally
meet the requirements for its products, this new plant will accept them.
Which factor affected the company's production location? - ANSWERS-Innovation
Which company relationship is negatively affected if the company uses
outsourcing to reduce costs? - ANSWERS-Employee
A farmer sells sweet corn to customers at a local farmers market.
Which marketing channel is being used by the farmer? - ANSWERS-Direct
Which advantage do intermediaries offer when a manufacturer uses an indirect
marketing channel to distribute its products? - ANSWERS-Broader knowledge
about the existing markets
Which advantage is an outcome of exporting products to a developed country? -
ANSWERS-Better established infrastructure
Which type of investor secures funding from a number of speculative financiers
and pursues strong global business opportunities still in the start-up phase? -
ANSWERS-Venture capitalists
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