Explain about general business

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Reference no: EM1337343

Explain about General Business

In your very own words based on your expertise, experience and education, respond to the following to assist me with understanding business on an international level...

A. How can a global firm use transfer pricing to increase its after-tax income? What are the constraints it needs to be aware of?

B. What is the difference between ethics and social responsibility? Do you think social responsibility for a multinational corporation is something best managed locally or internationally? Explain why.

C. What are the main advantages and disadvantages of the ethnocentric, polycentric and geocentric approaches to global marketing strategy? When is each approach appropriate?

D. When making the make-or-buy decision, global firms must make tradeoffs between costs and control, risk, investment, and flexibility. Explain the nature of the trade-off global firms must make and how these decisions are impacted by the organization's overall business strategy.

Reference no: EM1337343

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