Companies that do business with customers in developing nations that lack access to hard currencies are likely to make extensive use of:
Selected Answer: countertrading.
Correct Answer: countertrading.
A country has a comparative advantage in the production of a good if it can produce that good _____ than other nations.
Selected Answer: at a lower opportunity cost
Correct Answer: at a lower opportunity cost
Foreign _____ involves a domestic firm granting a foreign firm the rights to produce, promote, and use its trademark/patents in a defined geographical area.
Selected Answer: ...view middle of the document...
Correct Answer: transportation, communication, and energy.
_____ is the most basic level of international market development and involves shipping domestically produced products overseas.
Selected Answer: Exporting
Correct Answer: Exporting
The European Union created a common currency which twelve member states have since adopted. This common currency is referred to as the:
Selected Answer: euro.
Correct Answer: euro.
A social audit is a systematic evaluation of:
Selected Answer: evaluation of how well a firm is meeting all of its corporate objectives.
Correct Answer: how well a firm is meeting its ethical standards and social responsibility goals.
The process whereby a company promotes environmentally friendly products as a benefit to its customers is known as
Selected Answer: green marketing.
Correct Answer: green marketing.
Research indicates that the organizational culture
Selected Answer: has significant influence on the individual employee’s ethical behavior.
Correct Answer: has significant influence on the individual employee’s ethical behavior.
An example of a legal but unethical behavior is_____
Selected Answer: overseeing questionable work-related activities.
Correct Answer: paying non-living wages to workers in underdeveloped countries.