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Gemiola [76]
3 years ago
9

Al Razim, a construction engineer, recently traveled to Germany in order to find investors for his real-estate project. While he

finally succeeded in getting an investor, he was surprised by the explicitness of the Germans. Sometimes all he got was a direct "No." This is because Germans are a ________ culture.
Business
1 answer:
Alinara [238K]3 years ago
8 0

Answer: low-context culture

Explanation: Low-context cultures are those that communicate information in a simple direct, explicit, and precise ways. In the scenario above, it was noted that sometimes all what Al Razim got was a direct "No." This is because they practice low context culture. They communicate directly in a simple manner.

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Answer: Automatically

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The cost of a high-quality 250-horsepower compressor was $13,500 when recently purchased. What would a 608-horsepower compressor
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Explanation:

Given:

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2 years ago
A monopolistically competitive firm chooses
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Answer:

D. both the quantity of output to produce and the price at which it will sell its output.

Explanation:

A monpolistically competitive firm chooses the price and the quantity to produce. This decision is guided by market conditions and the goal to maximise profit.

A monopolistic competitive firm has a downward sloping demand curve just like a monopoly, so the monpolistically competitive firm chooses the quantity that maximises its profit and then chooses price.

A downward sloping demand curve indicates that quantity demanded is sensitive to price. The higher the price, the lower the quantity demanded.

A monpolistically competitive firm is a firm that has features of both a monopoly and a competitive firm.

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Just like a monopoly, a monopolistically competitive firm has the following features:

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2. It sets the price for its products.

Just like a perfect competition, a monopolistically competitive firm has the following features:

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Other features of a monpolistically competitive firm are:

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