Considering the situation described above, it is concluded that Korea is a <u>High context</u> culture, and the U.S. is a <u>low-context</u> culture.
A high context culture is a type of culture that is characterized by collectivism and an implicit form of communication.
On the other hand, a low context culture is a type of culture that is associated with direct verbal interaction and individualism.
It is no secret that the United States promotes individualism or independence as a society which is a form of low context culture. In contrast, the Korean culture promotes stability and group relation, which is a form of high context culture.
Hence, in this case, it is concluded that Korea has high context culture while the United States has a low-context culture.
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Answer: A. Stark industries should acquire LENS
Explanation:
Based on the information given in the question, the best strategy that Dev should suggest is that Stark industries should acquire LENS.
Since Stark Industries require the material from LENS and it's difficult to trade, the best option is to acquire it. The acquisition will make the production of the high-quality HD movie cameras easier.
It should be noted that entering into a competition with LENS is not advisable as that'll lead to the material not gotten. Also, a short or long term agreement isn't advisable as well.
Therefore, the correct option is A.
Answer:
a. $125
b. $10,300
c. $10,425
Explanation:
a. The computation of the explicit cost is shown below:
Explicit cost = Purchase of office supplies + Monthly electricity bill
= $75 + $50
= $125
b. The computation of the implicit cost is shown below:
Implicit cost = Lost of salary + rent out amount lost
= $10,000 + $300
= $10,300
c. The computation of the cost is shown below:
Economic cost = Explicit cost + Implicit cost
= $125 + $10,300
= $10,425
