What is the most likely benefit of operating a company facility in a foreign country?
A benefit of operating overseas is that many foreign countries offer lower operating costs, particularly reduced labor costs. According to BusinessKnowledgeSource.com, some companies have reported savings as high as 50 percent in salary payments alone.
What is a possible benefit of operating a company facility in a foreign country multiple choice question?
a possible benefit of operating a company facility in a foreign country? Labor costs may be lower.
Which of the following countries are considered collectivist cultures select all that apply?
Countries that are relatively more collectivistic include China, Korea, Japan, Costa Rica, and Indonesia. In collectivistic cultures, people are considered “good” if they are generous, helpful, dependable, and attentive to the needs of others.
Which of Hofstede’s dimensions refers to how a culture deals with hierarchical power relationships?
Uncertainty avoidance describes how a culture deals with hierarchical power relationships. Cultures with weak uncertainty avoidance tend to be rather easygoing and flexible regarding different views. … According to Geert Hofstede’s research, countries with individualist cultures were wealthier.
In what ways can a company benefit from growth?
Business growth can also enable you to:
- increase your resources and stock.
- generate more sales and profits.
- reach new customers or markets.
- put more money back into your business.
- influence market price.
- reduce external risks (eg from competition, market or technology changes)
How can companies help their employees successfully manage the repatriation process?
Ten Tips on Managing a Successful Repatriation Program
- Make sure you’re sending the right people abroad. …
- Clearly define the expat’s career goals before the overseas assignment begins and make sure the goals reflect your company’s overall objectives. …
- Discuss the challenges of repatriation before the employee leaves.
What are reasons why domestic companies often have an advantage over global companies?
What are reasons why domestic companies often have an advantage over global companies? Domestic companies are familiar with local culture and consumer needs. Domestic companies are familiar with the local labor force. A domestic company can defend against expanding international companies through which methods?
What are the 5 forms of international business?
Exporting, joint ventures, direct investment, licensing, franchising, and other forms of an alliance is duly considered as market entry types. Each entry modules have different pros and cons, addressing issues like cost, control, speed to market, legal barriers, and cultural barriers with varying degrees of efficiency.
How does collectivism lead to a good society?
Helping others and asking for help from others is not only encouraged but viewed as essential. Having strong families and friendship groups is important in these societies and people may sacrifice their happiness or time for the benefit of someone else or for the greater good of a group.
What do collectivist cultures value?
Freedom of choice, personal goals, and self-reliance are some important aspects that are emphasized in individualistic cultures. In contrast, collectivistic cultures tend to value group goals, harmony in groups, maintaining the relationships and order, and duties and obligations (Hofstede, 2001; Oyserman & Lee, 2007).
Are collectivist cultures happier?
A relationship between individualism and happiness has been observed in many studies, with collectivist cultures having lower indices of happiness. It is often argued that this effect arises because people in individualist countries have greater independence and more freedom to pursue personal goals.