List the characteristics of a high-context culture.
What will be an ideal response?
A high-context culture possesses characteristics such as: (1) Relationships between people are relatively long lasting, and individuals feel deep personal involvement with each other; (2) Communication often is implicit, and individuals are taught from an early age to interpret these messages accurately; (3) People in authority are personally responsible for the actions of their subordinates, and this places a premium on loyalty to both superiors and subordinates; (4) Agreements tend to be spoken rather than written; and (5) Insiders and outsiders are easily distinguishable, and outsiders typically do not gain entrance to the inner group.
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Suppose the government grants a subsidy to its export firms that permits them to charge lower prices on goods sold abroad. The export revenue of these firms would rise if the foreign demand is
a. elastic in response to the price reduction. b. inelastic in response to the price reduction. c. unit elastic in response to the price reduction. d. weak.
Door-to-door sales, home parties, mail order, telemarketing, TV selling, Internet selling, and manufacturer-owned stores are examples of ________
A) zero-level channels B) jobbers C) wholesalers D) manufacturer's representatives E) consumers
In a petty cash fund, the current cash amount minus the receipts submitted should equal the original fixed amount
Indicate whether the statement is true or false
A need-satisfaction question can help move the sale forward
Indicate whether the statement is true or false