According to the descriptive model, decision making starts when managers recognize that a problem exists and a decision has to be made.
Indicate whether the statement is true or false
Question 2Which of the following is NOT an area in which expatriates experience repatriation frustration?
A) change in personal finances and compensation
B) readjustment to home country corporate structure
C) change in technical competence
D) readjustment to life at home
Question 3A company that adapts its marketing to foreign differences without deviating very much from its experience is following a customer orientation.
Indicate whether the statement is true or false
Question 4What is the difference between direct costs and opportunity costs?
What will be an ideal response?
Question 5Relativism is the theory that ethical truths depend on the values of the groups holding them; thus, MNEs should adhere to or adopt the cultures of the countries in which they are located.
Indicate whether the statement is true or false
Question 6The earliest efforts to explain international business emerged in the early 20th century.
Indicate whether the statement is true or false
Question 7Explain the purpose of a mission statement.
What will be an ideal response?
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