3 global marketing strategies Ans✓✓✓-1. standardization
2. adaptation
3. glocalization
3 styles of global human resource management Ans✓✓✓-1. ethnocentric
2. polycentric
3. geocentric
Absolute advantage Ans✓✓✓-- uses absolute cost
- determines specialization
- specialization then is determined by absolute advantage to increase production
efficiency
Absolute monarchy Ans✓✓✓-king/queen has absolute power
acceptable use policy Ans✓✓✓-outlines what is allowed and what is not allowed
while someone is using the organization's services. (ex. public wifi at
starbucks/mcdonald's)
Administration (CAGE) Ans✓✓✓-Administrative similar countries trade more,
countries hold membership of the same trade
Advantage of direct distribution Ans✓✓✓-- shorter channel
- less costly
,- stronger connection
- control
Advantages of Cultural globalization Ans✓✓✓-awareness of international
community
Advantages of Economic globalization Ans✓✓✓-more trade, investments,
information technology, faster economic development, and increased social being
advantages of indirect distribution Ans✓✓✓-- no upfront costs
- intermediaries have more knowledge
- expertise speed process
Advantages of Political globalization Ans✓✓✓-more cooperation amount
countries, formation of international or regional organizations, NGOs
Anarchy Ans✓✓✓-individuals country the country, no government needed
ASEAN (Association of Southeast Asian Nations) Ans✓✓✓-- Common market but
labor movement is restricted
- accelerate economic growth, social progress, and cultural development in the
region
- promote regional peace
Backward-vertical FDI Ans✓✓✓-brings goods or components back to its home
country
, benefits of ethnocentric Ans✓✓✓-maintain control/consistency
benefits of geocentric Ans✓✓✓-coordinate, cooperate, efficient
Benefits of Multi national corps. (MNCs) Ans✓✓✓--often overcome barriers to
trade, sidestep regulatory problems, shift production from one plant to another,
tap new technology from around the around, save on labor cost.
benefits of polycentric Ans✓✓✓-motivated and locals needs adressed or adjust
Cannon law Ans✓✓✓-Christian
Children's Online Privacy Protection Act Ans✓✓✓-requires online services to
obtain parental consent before collecting any information from children 12 years
old and younger.
Civil law Ans✓✓✓-Judge applies law code, rarely uses the jury (Continental
Europe & Latin/Central America)
Clean Water Act Ans✓✓✓-(CWA, 1972) set maximum permissible amounts of
water pollutants that can be discharged into waterways; aims to make surface
waters swimmable and fishable
collectivism Ans✓✓✓-cultures in which people are integrated into strong,
cohesive groups that protect individuals in exchange for unquestioning loyalty