g In the global stage of a firm's globalization, . A. the need for training is high B. training is focused on local culture and interpersonal skills C. the need for training is virtually nonexistent D. host-country nationals are trained to understand parent-country products and policies

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.