In Thailand, people are more likely to integrate themselves into the organization, value the welfare of the group over that of any particular individual, and suspend personal values and judgment for the sake of the “greater good.” This is an example of which Dimension from Hofstede’s Dimensions?
a. Long-term orientation
b. Low power distance
c. Collectivist culture
d. High uncertainty
c. Collectivist culture
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A product is anything that can be offered to a market to satisfy a want or need
Indicate whether the statement is true or false
When a company solicits RFPs from suppliers with an open vendor search, the goal is to ________.
A. get several proposals to help with negotiations B. opt for a vendor who focuses primarily on the service criteria rather than on developing value C. opt for a vendor who uses well-developed service recovery strategies to gain customers D. get one good response from a preferred vendor E. get as many responses so as to gain a competitive advantage
Uncle Tim's Inventions has an expected dividend next year of $3.60 and a required return of 12 percent. Assuming the dividends will be paid indefinitely, calculate the value of a share of common stock assuming a zero growth rate of dividends
What will be an ideal response?
What is consideration and what are the two basic elements of consideration?