practice q IBM

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  • Created by: jmf00632
  • Created on: 27-01-20 20:02
Collectivism (from q 3 practice q)
system that values groups or communities over individuals. Collectivism is often understood in contrast to individualism, which privileges the individual interests over the group. ...
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capitalism (from q 3 practice q)
economic system in which private individuals or businesses own capital goods. ... Today, most countries practice a mixed capitalist system that includes some degree of government regulation of business and ownership of select industries.
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tolitarism (from q 3 practice q)
form of government in which one person or political. party exercises absolute control over all spheres of human life and. prohibits opposing political parties.from
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market economy (from q 4)
economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses. There may be some government intervention or central planning,
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High uncertainty avoidance (q 7)
have a low tolerance for ambiguity and vagueness in most day-to-day situations. In other words, they tend to be risk-averse and favour rules and a well-structured environment over unknown or unstructured situations.
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Global standarlisation (q 8)
the ability to use standard marketing internationally. In other words, it's the ability for a company or business to use the same marketing strategy from one country to the next, and across various cultures.
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licensing (q12)
company gives another company permission to manufacture its product for a specified payment.
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franchier (q12)
nts to an individual or company (the franchisee), the right to run a business selling a product or service under the franchisor's successful business model
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a tunkey contract (q 12)
contract under which a firm agrees to fully design, construct and equip a manufacturing/ business/ service facility and turn the project over to the purchaser when it is ready for operation for a remuneration
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non equity based strategic alliance (q13)
two or more businesses agree to share resources and capabilities to gain a competitive advantage without forming a joint venture and without an equity exchange.
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sole proprietorship (q13)
t has just one owner who pays personal income tax on profits earned from the business. ... Many sole proprietors do business under their own names
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from least integated to most integrated, the levels of economic integration are a: (q15)
a free trade area, a customs union, a common market, an economic union, and a political union
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trade deficit (q 16)
occurs when a country's imports exceed its exports during a given time period. The merchandise trade deficit equals the value of goods imported minus the value of goods exported
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geocentric orientation
A management orientation based upon the assumption that there are similarities and differences in the world that can be understood and recognized in an integrated world strategy.
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polycentric staffing approach
nternational recruitment method wherein the HR recruits the personnel for the international businesses. In Polycentric Approach, the nationals of the host country are recruited for the managerial positions to carry out the operations of the subsidiar
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geocentric staffing policy
ssigns job positions to any person best suited for the position, regardless of the employee's background, culture or country of origin. ... It can increase the firm's cultural knowledge about the different markets and countries
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ethnocentric staffing policy
efers to the strategy of a multinational company to employ managers for key positions from the parent headquarters instead of employing local staff
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triple bottom line theory (ESG)
Enviro, societal, and gvernance (people, planet and profit)
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Other cards in this set

Card 2

Front

capitalism (from q 3 practice q)

Back

economic system in which private individuals or businesses own capital goods. ... Today, most countries practice a mixed capitalist system that includes some degree of government regulation of business and ownership of select industries.

Card 3

Front

tolitarism (from q 3 practice q)

Back

Preview of the front of card 3

Card 4

Front

market economy (from q 4)

Back

Preview of the front of card 4

Card 5

Front

High uncertainty avoidance (q 7)

Back

Preview of the front of card 5
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