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scZoUnD [109]
3 years ago
8

As organizations expand into global markets, business communicators need to become aware of their own culture and how it differs

from other cultures. Cultural awareness allows professionals to communicate successfully with other cultures and to navigate the intercultural challenges of a globalized business world. The first step in overcoming intercultural obstacles is understanding the trends that drive globalization.
Identify the trend illustrated by the following example.
A U.S. retailer of high-tech products looks to open stores in Russia where there has been a surge in demand for smartphones and tablet computers.
Favorable trade agreements
Robust middle-class growth
Transportation advancements
Identify the trend illustrated by the following example.
A high-end clothing company has branch managers in Rome, Paris, and Chicago. They meet quarterly via teleconference.
Declining domestic markets
Technological advancements
Robust middle-class growth
When companies expand into global markets, they must be aware of the different cultural environments they are entering. A successful business model in one country may not be successful in another. U.S. companies, such as Wal-Mart, Best Buy, and Home Depot, for example, have struggled in certain overseas markets due to their inability to meet the needs and expectations of the local culture.
Read the hypothetical description of an overseas country, and then answer the following question.
People in this country tend to place a high value on protecting the environment. While they enjoy certain products imported from other countries, when it comes to food and drink, they prefer domestic brands. They consider it inappropriate to smile at strangers, and they value the freedom to engage in whatever relationships they want with coworkers outside of work.
A U.S. store opens in this country and exhibits the following characteristics. Which of these characteristics will be problematic for the success of the store? Check all that apply.
a) A beer and wine selection primarily made up of U.S. brands
b) A policy forbidding employees from dating each other
c) A wide selection of environmentally safe cleaning products
d) A friendliness policy encouraging employees to smile at customers
e) Plastic bags
Business
1 answer:
Natalka [10]3 years ago
7 0

Answer:

1. Robust middle class growth

2. Technological advancements

3. a) A beer and wine selection primarily made up of U.S. brands

b) A policy forbidding employees from dating each other

d) A friendliness policy encouraging employees to smile at customers

e) Plastic bags

Explanation:

Middle class growth in different countries in recent times have increased the sake of smartphone and tablets globally

Technological advancements in the second question would be the only cause of better technologies such as the use of video teleconferencing in the example

The people in this country would not like the listed options as shown here

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Assume Jennifer has owned an EE bond for 4 years. The fixed rate of interest is 10% and the current value of the bond is $4000.
lakkis [162]

Answer:

400

Explanation:

Given:

Face Value of the bond = $4000

The fixed rate of interest is r = 10%

If f Jennifer were not to cash in the bond tomorrow, it means she have the value of $4000  after 4 years. But tomorrow she were to cash, so the interest she lose is:

I = FV*r = 4000*10% = 400

3 0
3 years ago
The Salt and Pepper Partnership was formed in January of the current year when Salt and Pepper each contributed $10,000 cash and
Novay_Z [31]

Answer:

Salt's basis = -$3900 from a 50% sharing basis

Explanation:

profit sharing ratio as per contributions is 50%:50%

ordinary loss                  - $5000

tax exempt income       -$2000                  

Charitable contribution -$800

Taxable loss                 =$7800

profit(loss) share

Salt                         = -3900

Pepper                   =-3900

3 0
3 years ago
Suppose a U.S. firm has an asset in Britain whose local currency price is random. For simplicity, suppose there are only three s
timurjin [86]

Answer:

C) The firm's exchange rate exposure can be completely hedged with derivatives written on the British pound.

Explanation:

The amount of pound is constant one can completely hedge the interest rate risk.

7 0
3 years ago
Inventories held by firms Multiple Choice tend to increase the severity of short-run fluctuations. tend to reduce the severity o
GalinKa [24]

The correct option is (a) tend to reduce the severity of short-run fluctuations.

The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities.

All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.

Learn more about inventory management here

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7 0
2 years ago
One of the biggest mistakes that salespeople make is
Mnenie [13.5K]

Answer:

I believe it may be C. Focusing on a product or services features instead of the benefits it offers to the customer.

Explanation:

6 0
3 years ago
Read 2 more answers
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