1) economic freedom necessarily equates with political freedom.
2) cultural toughness can be assessed by comparing cultures.
3) firms may choose an ethnocentric approach to staffing as opposed to a polycentric
approach because of the cost savings it promotes.
4) it is important to realize that organizational change will occur regardless of the
commitment of senior managers to it.
5) pressures for cost reduction are minimal in industries where major competitors are
based in low-cost locations, where there is persistent excess capacity, and where
consumers are powerful and face low switching costs.
6) many foreign customers require face-to-face negotiations on their home turf.
7) several sociologists have argued that of the three main branches of
christianitycatholic, orthodox, and protestantthe latter has the most important economic
implications.
8) many of the world’s developing nations peg their currencies, primarily to the dollar
or the yen.
9) the firm that improves quality control will also reduce its costs of value creation.
10) transfer price must be considered when setting budgets and evaluating a subsidiary’s
performance.
11) a fronting loan does not provide any tax advantage.
12) pressures for local responsiveness imply that it may not be possible to leverage
skills and products associated with a firm’s core competencies wholesale from one
nation to another.