When marketing and managing a business in another country, it is generally belie

Question

When marketing and managing a business in another country, it is generally believed that business leaders should: Question 6 options: follx the same approach to management/marketing as in the U.S followx an absolute and objective set of ethical standards vicw the U.S, as being more ethical than other countries considiat and adapt to the ethical perspoctives of the local culture. International trade and specialization most often lead to which of the following? Question 9 optioes an increase in a nation's productivity a decrease in a nation's economic growth in the long term an increase in a nation's import tariffs a decrease in a nation's standard of living Which of the following is NOT one of the trends that has led to the globalization of world markets? Question 10 options Countries protecting local firms from forcigs competicion. Fims employing worldwide mass marketing and global strategics Firms facing increasing competition from foreign fims in their local markets Fims looking to increase their sales by selling in forcige markcts Which of the following conditions would encourage a company to begin selling its products in Japan? Question 11 options Sec 1 Pages 1 of 2 words: 437 of 100%

Explanation / Answer

Since, multiple questions have been posted, I have answered the first one.

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Question 1:

Consider and adapt to the ethical perspectives of the local culture. (which is Option D)

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Explanation:

It is essential for any organization operating in another country to understand the local culture and take necessary steps to adjust it's business environment to meet the local needs. Same marketing/management techniques (as applied in home country) may not prove effective in the other country. Further, an absolute and objective set of ethical standards may not work in all the countries in which the company is operating. The company should be flexible with respect to its management/marketing strategies and should adapt to ethical perspectives of the local culture while operating in another country in order to be successful. Therefore, Option D is correct.

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