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MGMT 480 SET 2 TERMS QUESTIONS AND CORRECT ANSWERS

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MGMT 480 SET 2 TERMS QUESTIONS AND CORRECT ANSWERS

Institution
MGMT 480
Course
MGMT 480

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threat of substitutes


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one of the five forces of industry competition where it limits profits and
reduce the bonanza an industry can reap in boom times.




social justice approach


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the approach to ethics that judges the appropriateness of a particular
action based on a equity, fairness, and the impartiality to the distribution of
rewards and costs among individuals and groups.

,multidomestic strategy


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the strategy of developing a business model that allows a company to
achieve maximum local responsiveness.




export-import activity


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step one for evolutionary development of global corporation




political factors


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the external factors of the remote invironment in which their direction and
stability are a major consideration for managers on formulating company
factors. The define legal and regulatory parameters within which firms must
operate.




foreign licensing and technology transfer


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, step two for evolutionary development of global corporation




multidomestic strategy disadvantage


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failure to transfer distinctive competencies to foreign markets




remote environment


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economic, social, political, technological, and ecological factors that
originate beyond, and usuall irrespective of, any single firms, operating
situation




difference principle


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a principle that states social and economic inequities must be addressed to
achieve a more equitable distribution of goods and services




trend in codes of ethics


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Institution
MGMT 480
Course
MGMT 480

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