The three types of interpretative frameworks in international businesses are ________.
A)ethnocentric, polycentric, and geocentric
B)ethnocentric, intercentric, and monocentric
C)monocentric, neocentric, and polycentric
D)intracentric, geocentric, and neocentric

Question

Quizplus · Accepted Answer

The three types of interpretative frameworks in international businesses are ethnocentric, polycentric, and geocentric. These frameworks refer to the way that a company approaches global business and decision-making. Ethnocentric companies prioritize the norms and values of their home country, while polycentric companies adapt to the norms and values of the local market. Geocentric companies take a global approach, balancing both home and host country perspectives.

The Three Types of Interpretative Frameworks in International Businesses Are