Chapter 4

Question 1

Ethnocentric Approach, H R.

Answer 1

Key management positions are filled by parent country nationals .

Question 1

Drivers of Globalization

Answer 1

Declining Trade and Investment Barriers , Role of Technological Change

Question 2

Instruments of Trade Policy

Answer 2

Import Tariffs ; Export Tariffs and Bans ; Subsidies ; Import Quotas and Voluntary Export Restraints ; Local Content Requirements

Question 3

Nearshoring

Answer 3

It is a form of offshoring in which an organization recruits’ employees from a neighboring country to complete their services

Question 4

Krugman’s arguments that strategic trade policies may be unviable

Answer 4

Retaliation and Trade War and Domestic Policies

Question 5

Strategies that the organizations use to compete in the global market

Answer 5

International, Multinational,
Global, Transnational.

Question 6

characteristics that a country adopts to be globally aware

Answer 6

Tolerance and willingness to learn
about cultural differences; Knowledge of cultures, history, world market potential , and global economic, social, and political trends.

Question 7

deciding where to produce

Answer 7

deciding where to produce

Question 8

Political Arguments for Interventions

Answer 8

Protecting jobs and industries ; Protecting national security;
Retaliating ; Protecting consumers ; Protecting human rights ; protect the infant industry

Question 9

countries use these to ensure protectionism occurs

Answer 9

Tariffs; Quotas; Exchange barriers;
Psychological barriers.