When companies commence operations in foreign countriese,how do they usually set their wage rates?
A)at an average of the prevailing wage rates for local companies
B)at or slightly below the prevailing wage for local companies
C)as low as they can given the local unemployment rates
D)at or slightly higher than the prevailing wage for local companies

Question

Quizplus · Accepted Answer

Companies typically set their wage rates at or slightly higher than the prevailing wage for local companies in order to attract and retain talented employees, and to ensure competitiveness in the local labor market. Additionally, offering higher wages can help companies establish a positive reputation and enhance their brand image.

When Companies Commence Operations in Foreign Countriese,how Do They Usually