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Understanding cultural differences are critical to success in international business. A country's culture reflects and shapes its values, and each country adopts laws that reflect their prevailing ethical standards.
Consider the following scenario:
To assist the sale of your products in a particular foreign market, you are advised to pay a 10 percent commission to a go-between who has access to high-ranking government officials in that market. You suspect, but do not know, that the go-between will split the commission with the government officials who decide which goods to buy.
Research the importance of understanding cultural differences in global business. Then, respond to the following:
Should you pay the 10 percent commission? Justify your response.
Does it make a difference if your competitors routinely pay such commissions? Explain why this may or may not have an impact on your decision.
Do you think there should be more or fewer attempt to regulate international ethics? Why?
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An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
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