Claimed characterized the cultures of different countries

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1) Hofstede isolated four dimensions that he claimed characterized the cultures of different countries. List the limitations or weaknesses in applying completely his theory by managers overseas to determine how cultures differ and design management practices.

2) Why is it that firms selling products with low value-to-weight ratios choose FDI over exporting? (one-two sentence maximum)

3) What is the Key distinction (what separates the two theories) between Comparative Advantage and Absolute Advantage? (do not define-must answer in one-two sentences only- make sure your answer would clearly explain the distinction to the reader)

4) What is the key contribution or finding of the International Product Life-Cycle Theory in regards to production and sales of a product over time. (answer in one sentence only)

Reference no: EM132229752

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