Answer the following statement(s) true (T) or false (F)
1. Cross-cultural interaction has been described as the manifestation of the world as a single place and
the overlapping of the interests of business and society.
2. The economic interconnections among countries were dramatically increased with the advent of free-
trade areas in the 1980s creating a greater degree of interconnectedness among the world’s economies.
3. Changes that affect the stability of the work environment within organizations result from downsizing,
privatization, international migration, and team-based management.
4. Privatization might be the most significant force toward globalization.
5. The elements of the global manager’s environment can be divided into four categories: economic,
legal, political, and cultural.
1. false
2. false
3. true
4. false
5. true
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Customer lifetime value is the combined total of all future sales.
Answer the following statement true (T) or false (F)
Brand extensions can reduce the costs of introductory launch campaigns and make it easier to convince retailers to stock and promote a new product
Indicate whether the statement is true or false
When Diana went to college, tuition was $650 per semester. Now that same college charges $6,500 per semester. This number reflects a persistent increase in price known as
A. deflation. B. interest. C. inflation. D. currency fluctuation. E. recession.
The consumer price index tracks the change in price over time of a "market basket" of goods and services.
Answer the following statement true (T) or false (F)