Mr. Nyugen Ho is a Vietnamese entrepreneur who started a clothing factory in Vietnam. After two years of good business within the country's local markets, there was a huge demand for his clothes in the international markets like Canada, Australia, Japan, United States and France. But he didn't want to sell his products outside Vietnam - he has never travelled outside his country as there was always a fear of losing face (fearing that people will not respect him and will hate him for the race he belongs to). He always felt that if he set his business outside his country, he would feel unwelcomed and that his business would be attacked and exploited. Moreover, he felt that he would feel alienated (feeling different/lonely) in new surroundings. What problem is Mr. Nyugen experiencing? A.Stereotyping b.Ethnocentrism c.Individualism O d.Xenophobia
Mr. Nyugen Ho is a Vietnamese entrepreneur who started a clothing factory in Vietnam. After two years of good business within the country's local markets, there was a huge demand for his clothes in the international markets like Canada, Australia, Japan, United States and France. But he didn't want to sell his products outside Vietnam - he has never travelled outside his country as there was always a fear of losing face (fearing that people will not respect him and will hate him for the race he belongs to). He always felt that if he set his business outside his country, he would feel unwelcomed and that his business would be attacked and exploited. Moreover, he felt that he would feel alienated (feeling different/lonely) in new surroundings. What problem is Mr. Nyugen experiencing? A.Stereotyping b.Ethnocentrism c.Individualism O d.Xenophobia
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Mr. Nyugen Ho is a Vietnamese entrepreneur who started a clothing factory in Vietnam. After two years of good business within the country's local markets, there was a huge demand for his clothes in the international markets like Canada, Australia, Japan, United States and France. But he didn't want to sell his products outside Vietnam - he has never travelled outside his country as there was always a fear of losing face (fearing that people will not respect him and will hate him for the race he belongs to). He always felt that if he set his business outside his country, he would feel unwelcomed and that his business would be attacked and exploited. Moreover, he felt that he would feel alienated (feeling different/lonely) in new surroundings. What problem is Mr. Nyugen experiencing?
A.Stereotyping b.Ethnocentrism c.Individualism O d.Xenophobia
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education