The distinction between internal and external secondary data is based on the _____
a. focus of the data (company or industry)
b. firm collecting the data (government or commercial research house)
c. cost of data collection
d. source of the data (within or outside the firm)
d
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A common market goes beyond the removal of internal barriers to trade and the establishment of common external barriers to the important next stage of eliminating the barriers to the flow of factors (labor and capital) within the market
Indicate whether the statement is true or false
Which of the following is an advantage of adopting a geocentric staffing approach?
A. It tends to reduce cultural myopia and enhance local responsiveness. B. It is inexpensive to implement. C. It reduces the costs of value creation. D. It allows all key management positions of a firm and its subsidiaries to be filled by parent-country nationals. E. It requires minimal documentation for hiring foreign nationals.