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Question
If Owen's HomeCare Products decides to sell their products to intermediaries who then resell them to buyers in target markets, the company would be engaging in ________.A) indirect exporting
B) counterpurchase
C) an acquisition
D) a joint venture
Answer
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Which of the following statements is true of developing countries that have embraced globalization?
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
C) Relying upon developed countries for technology has rendered their talent pool stagnant.
D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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Supporters and critics of globalization appear to agree that globalization prevents dislocation in labor markets.
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According to the opponents of globalization, which of the following occurs as a result of worker dislocation brought about by globalization?
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B) lower workers' wages in developed nations
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B) rise of closed economies
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Explain how technological innovation has benefitted entrepreneurs.
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Pluralistic political systems include authoritarian regimes such as communism and fascism.
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B) The government considers banking sector as important to national security.
C) The country has never experienced threats against its long-term stability.
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B) central
C) subcapital
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According to Hofstede's framework, a culture with ________ values security and places its faith in strong systems of rules and procedures in society.
A) large uncertainty avoidance
B) low power distance
C) short-term orientation
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A) feminity
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Which of the following terms refers to the technology used in a culture to manufacture goods and provide services?
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Lingua franca is ________.
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B) a person's position in society depends upon his educational qualifications and achievements
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________ facilitate(s) the process of cultural imperialism.
A) Strict product liability laws
B) Relaxed trade and investment barriers
C) Technological stagnation
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A) developed market
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