Hofstede model as, discussed in the text, contains ________ cultural dimensions.
A. five
B. three
C. seven
D. four
Answer: A
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Under the indirect method, instead of reporting cash receipts and payments, net income is reconciled with net cash from operating activities
a. True b. False Indicate whether the statement is true or false
Identify and discuss some of the key objectives in using sales promotion.
What will be an ideal response?
Assume that it takes 100 hr to produce the first unit of a product, and the learning rate for this production process is 80%. Using the arithmetic approach, determine the labor hours required to produce the fourth unit.
A. 100 hr B. 80 hr C. 64 hr D. 52 hr
Kraft FoodsKraft Foods, the second largest food retailer in the world, recently reorganized its sales force, cut prices on key products, divested itself of lower-margin brands, and closed plants. While Kraft distributes its products through a myriad of resellers, Wal-Mart--the largest retailer in the world--is its biggest customer. Consequently, Kraft Foods, along with several other manufacturers, has a sales office located in Bentonville, Arkansas, which is where Wal-Mart's headquarters is located. The sales team in this office deals directly with Wal-Mart instead of other types of resellers like wholesalers. One might not see it as selling, however, because the sales force sells advice, assistance, and counsel to Wal-Mart and focuses on improving Wal-Mart's bottom line. Kraft
also sells products to thousands of other resellers, and their approach varies depending upon the customer.Refer to Kraft Foods. The AIDA concept is encouraged among the sales teams that focus on other resellers besides Wal-Mart because it can help in the: A. JIT process B. communication process C. networking process D. selling process E. cold calling process