The country that is being described in the statement given
above is Hong Kong as they are considered as a newly industrializing country in
which they have the capabilities of competing in regards with electronics and
to specialize in the category of trade and banking.
Answer:
An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.
Explanation:
Three characteristic of an entrepreneur:
Opportunity seeking: entrepreneurs "scan" the market, seeking for market niches that have not been exploited.
Work-ethic: entrepreneurship is a difficult task, especially during the first years of the company. It demands very long work hours, and the entrepreneur must be willing to do that in order to be successful.
Risk-taking: entrepreneurs should evaluate risk when taking decisions, but they should not be the most risk-averse indidivuals. They have to take risks in certain situations because otherwise, they would not be able to become entrepreneurs at all.
In Russia, their workers are not usually free to use their own judgement especially the time when they are making decisions. Most of the time, the culture of Russia is being characterized by a distance that is a low power. But the Russia is very high nature individually.
In a marketing communication process, the class of consumers who read, hear and see the message sent by a source are known as the receivers.
In marketing, the communication process consists of nine elements including the sender, receiver, encoding, decoding, message, media, response, feedback and the noise
The element of marketing that read, hear, or see the message sent by a source during the marketing communication are the receiver because they decode and digest the message.
In conclusion, the consumers are called the receivers in a marketing communication process.
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The responsibilities that must be considered when a multinational opens a new factory in another country are legal and cultural responsibilities.
<h3 /><h3>What are the obligations of a multinational?</h3>
A corporation with units in different countries must follow the legislation in force in the place, adapting its processes and services to essential requirements, such as payment of taxes and licenses to operate in the country.
Therefore, in addition to the economic responsibilities, there are also the responsibilities of cultural adaptation, so that the company has good acceptability by the local population and is well positioned in the market.
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