mgt 303 fundamental of management Chapter 4

mgt 303 fundamental of management Chapter 4 

the trend of the world economy toward becoming a more interdependent system

refers to the "shrinking" of time and space as air travel and the electronic media have made it easier for the people around the globe to communicate with one another

or electronic commerce, the buying and selling of products and services through computer networks

refers to the increasing tendency of the economies of the world to interact with one another as one market instead of many national markets

or multinational enterprise, is a business firm with operations in several countries.

a nonprofit organization with operations in several countries

believe that their native country, culture, language, and behavior are superior to all others

that is, a narrow view in which people see things solely through their own

perspective

take view that native managers in the foreign offices best understand native personnel and practices, and so the home office should leave them alone

accept that there are differences and similarities between home and foreign personnel and practices and that they should use whatever techniques are most

effective.

manufacturing plants allowed to operate in mexico with special privileges in return for employing mexican citizens

is defined as using suppliers outside the company to provide goods and services

global outsourcing or offshoring

defined as using suppliers outside the united states to provide labor, goods, or services.

a company buys goods outside the country and resells them domestically.

a company produces goods domestically and sells them outside the country