______ is defined as the extent to which the members of a culture feel threatened by ambiguous or unknown situations.
a. Power distance
b. Uncertainty avoidance
c. Individualism-Collectivism
d. Masculinity-Femininity
b. Uncertainty avoidance
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Despite the high expenses associated with operating elegant stores and purchasing advertising space in upscale magazines, the premium retail prices that luxury goods like Louis Vuitton command translate into handsome profits
The Louis Vuitton brand alone accounts for 60% of LVMH's operating profit. On the other hand, Louis Vuitton spends $10 million annually battling: A) EU regulations. B) counterfeiters in countries such as Turkey, South Korea, & Italy. C) competitors in European countries. D) suppliers of needed materials. E) export freight and taxes.
Compton Company expects the following total sales:MonthSales March$30,000 April$20,000 May$30,000 June$25,000 The company expects 60% of its sales to be credit sales and 40% for cash. Credit sales are collected as follows: 30% in the month of sale, 70% in the month following the sale. The budgeted accounts receivable balance on May 31 is:
A. $21,000. B. $12,600. C. $20,400. D. $12,240.
If PepsiCo charges what each country could afford, ignoring cost differences from country to country, it would be using a(n) ________ price
A) uniform B) market-based C) cost-based D) escalation E) skimming
A company does not set a final price until the product is finished or delivered. This is known as ________
A) delayed quotation pricing B) an escalator clause C) special-event pricing D) time pricing E) the shallow-pockets trap