Which of the following is characterized by networks of international linkages that bind countries, institutions, and people in an interdependent economy?
Experts suggest that firms wanting to globalize through e-commerce must first localize, which means firms need to:
modify their products and services to meet the needs and interests of local cultures.
test their products and services in local markets before selling them over the Internet.
sell their products in a brick-and-mortar store before selling them through an e-market.
use local suppliers, vendors, and distributors to manufacture products for the local market.
In recent years, which of the following has lessened the criticisms of MNCs?
Increasing economic differences among countries
Dissolution of MNCs in developing countries
Limited emphasis on social responsibility and ethical behavior
Greater emphasis on social responsibility by MNCs
__________ lies at the intersection of financial, social, and environmental health––sometimes described as the “triple bottom line.”