In what environment can companies not rely on planning years ahead but rather need experimentation to stay abreast of innovation?
a. In a macroeconomic environment
b. In a competitive environment
c. In a high-velocity environment
d. In a stable environment
c. In a high-velocity environment
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Managers must decide how well a company's product fits the country market by asking all of the following questions except:
A) Will adaptation be required? B) Will import restriction drive up the product price? C) Is it advisable to source locally? D) Will strong home currency have an adverse impact on product price? E) Will it be possible to neglect home-country regulations?
Explain what output and requirements contracts are.
What will be an ideal response?
The capability to manage ______ has become one of the most important skills for global leaders.
a. international employees b. multinational corporations c. cultural diversity d. international finance
Which of the following is true of the liabilities of LLCs (limited liability companies)?
A) Members of LLCs are liable to the extent of their capital contribution. B) Managers of LLCs are personally liable for the debts, obligations, and liabilities of the LLCs. C) LLCs are not liable for any loss or injury caused by their employees. D) LLCs are not liable for losses caused due to negligence of their managers during the ordinary course of business.