Facebook is an early warning system for firms that permits rapid response, whereas Twitter allows deeper dives to engage consumers in more meaningful ways
Indicate whether the statement is true or false
FALSE
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Which of the following is true of vertical price-fixing?
A. It is an attempt by competitors to interfere with the market and control prices. B. It is illegal per se for manufacturers to state a "suggested retail price" for their products. C. It is not within the scope of Section 1 of the Sherman Act. D. It is an attempt by manufacturers to control the resale price of their products.
The textbook used the example of Yolande, who adopted the practice of calling her employees “colleagues” from another firm whose business model she admired. This is an example of which concept below?
a. Scanning b. Mimicry c. Vicarious learning d. Grafting
Every act of a partner concerning partnership business binds the firm.
Answer the following statement true (T) or false (F)
Global Management PerspectivesGlobal firms normally carry three global perspectives or attitudes for work approaches and practices. These perspectives include ethnocentric, polycentric, and geocentric attitudes.Which of the following statements, if true, would support a polycentric attitude for a global firm?
A. The firm has been successful in striking the right balance between centralization and decentralization of resources. B. The firm utilizes multiple networks between the home office and the subsidiaries to facilitate both communication and data sharing. C. The firm is extremely flexible and responsive to the needs and demands of local markets in host countries. D. The firm's hierarchical structure ensures that data flows extensively from the subsidiaries to the home location reducing the potential for duplication.