Author Question: Dixon Manufacturing, a British MNE, believes that its business practices are superior, so it does ... (Read 97 times)

ishan

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Dixon Manufacturing, a British MNE, believes that its business practices are superior, so it does not make any policy changes in foreign markets. Dixon Manufacturing most likely takes a(n) ________ approach to staffing.
 
  A) ethnocentric
  B) polycentric
  C) geocentric
  D) monocentric

Question 2

Identify the three common components of modern legal systems and explain their relevance to managers.
 
  What will be an ideal response?

Question 3

Increasingly, media reach audiences in more than one country, such as through satellite TV that reaches multiple countries simultaneously. What is NOT a problem of advertising on these media?
 
  A) Because of reaching so many households, the cost is prohibitive.
  B) The product may not be available everywhere it is advertised.
  C) A company may not be able to advertise prices because they may differ among countries.
  D) The advertisement may reach countries using different languages.


amanda_14

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Answer to Question 1

A

Answer to Question 2

Unquestionably, legal systems differ from country to country, primarily because of differences in tradition, precedent, usage, custom, or religious precepts. Even so, the purpose of every legal system is to establish a comprehensive legal network to regulate social activities. As such, modern legal systems share three components to achieve this goal, specifically:
1. A system of constitutional law designed to guarantee an open and just political order
2. A system of criminal law designed to safeguard the social order
3. A system of civil and commercial laws designed to ensure fairness and efficiency in business transactions.

Aspects of all three components bear on the decisions made by managers and foreign investors. Certainly, differences in each will adjust how managers see the legal system in a particular country. When the legal system is functioning well, no matter how it blends these three components, it ensures that a society can pursue economic and social development and, when disagreements arise, resolve them without collapsing into anarchy.

Answer to Question 3

B



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