A code of ethics ________________________________.
should be standardized across companies following the AMA guidelines
is only necessary for large corporations
needs to be vague so that it could be used to understand any potential situation
should specify expected behavior in as many potential situations as possible
may be more effective in guiding employee behavior than external governmental regulation
For most foods products that are imported into the US from the European Union, companies have to pay a(n) ________________ in order to be able to bring the products into the country.
exchange control fee
Since global expansion typically means bringing the company's existing products to new markets, it would be considered a ____________________ strategy in the strategic opportunity matrix model.
Ethics refers to ________________________________.
the results of philantropic decision making
rules and guidelines for what is considered the right action in a society
the legal framework in a country
the activities a company can engage in to support its community
______________ is an example of a Free Trade Agreement.
The Paris agreement
The World Bank
The World Trade Organization
When it comes to its product strategy in India, McDonald's ________________________.
has to offer the same menu as in other foreign markets since this is a franchising organization
should keep the same food as in the US but change the layout of the restaurants
should adapt its menu to create a better fit with cultural preferences
should offer the same exact menu items as in the US since it is a global brand
can change some of its seasoning but should still provide its mostly beef-based menu from the US since it's a hamburger fast food restaurant
Procter and Gamble sells its products across the entire world. For its distribution strategy ______________________________.
the best option is a standardized approach because consumer shopping behavior for consumer packaged goods is the same across all cultures
the company needs to take into account that the retail structure differs significantly across countries
the company will be able to work with the same retail companies in every market it operates in
currency effects will be the most important determinant of the distribution strategy
the company should use the same strategy it uses in the US
For a small manufacturing company _____________________ may be the best foreign market entry strategy since it entails the least amount of risk.
a joint venture
Lego products sold across the world are almost all the same and much of the manufacturing of the Lego bricks still takes place in Denmark. The company also uses a similar marketing strategy globally. The benefit of such approach is __________.
that the company can avoid tariff rates
economies of scale and lower manufacturing costs
better adaptation to local cultural needs
easier adaptation to local regulation about toy quality
a unique brand image for every market
_____ is the concern of business for the long-range welfare of both the company and its relationships to the society within which it operates.
Corporate social responsibility
Get Answers For Free
Most questions answered within 1 hours.