International businesses generally follow one of three policies on staffing: ethnocentric, polycentric, or geocentric. Corporate culture and the firm's strategy shape and are shaped by the policy. No one correct staffing policy exists for all multinational enterprises. Each of the three major approaches has advantages and disadvantages for a firm. Selecting the best approach depends on the values and norms of the firm, on the way the firm sees opportunities in the host country, and how the firm plans its future. Read each item and the roll-over hints. Identify whether each item is an advantage or disadvantage of a specific staffing policy Builds strong networks Disadvantage Advantage Ethnocentric Expensive Polycentric Cultural myopia Geocentric Inexpensive HQ isolated Competency transfer

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

When color is used on a topographical drawing, black is used to represent what?