Does intra-industry trade contradict the theory of comparative advantage?
Additions to Study Guide Busa 3000 Midterm Fall 2016 Bruce CH 3) Cultural Environment of I.B Orientations of Mind-Sets: Polycentric – when a person uses their COUNTRY as a basis in which to judge others Geocentric – when a person understands a business or a practice for its congruencies across all global regions, while accounting for cultural differences. This is a good mindset for managers, or anybody participating in international business, to have. Ethnocentric – to use one’s owCULTURE as a base to judge other cultures. This increases the risk of misunderstanding cultures for their individuality… Acculturation – the process of adapting to one’s culture that is different to their own native one. Socialization – process of a person lear