Question

__________ managers believe that there are differences and similarities between domestic and foreign practices and that managers should use the techniques that are the most effective.

Answer 1

Answer: Geocentric managers

Explanation: Geocentric managers are the managers that accept the fact that every country have different culture and environment which can affect the business overall. Therefore, these managers use different techniques and procedures for different economies.

These are usually the managers of multinational corporations operating globally. These managers usually do not lack resources and can use the latest and best techniques for their operations.