When online purchases are backed by guarantees and other security measures, which cultural group is most likely to be willing to make the online purchase?

A) Power cultures
B) Communist cultures
C) Individualistic cultures
D) Middle Eastern cultures
E) Collectivist cultures


Answer: C
Explanation: C) Research suggests that individualistic cultures (which are prevalent in developed economies like the U.S.) are more likely to trust e-commerce because purchases are backed by mechanisms based on individualistic cultural norms: guarantees, laws and policies, and security measures.

Business

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One year ago, you bought a bond for $10,000. You received interest of $400 at the end of the year, as well as your $10,000 principal. If the inflation rate over the last year was 5 percent, calculate your real return. Show your work.

What will be an ideal response?

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Companies that give away a free product or service typically make their money on ______.

a. equity b. advertisements c. word-of-mouth d. investment income

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Which of the statements below best describes office layout?

A) positions workers, their equipment, and spaces/offices to provide for movement of information B) addresses the layout requirements of large, bulky projects such as ships and buildings C) seeks the best personnel and machine utilization in repetitive or continuous production D) allocates shelf space and responds to customer behavior E) deals with low-volume, high-variety production

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Convenience for the customer is seldom a factor for manufacturers when choosing a retail partner.

Answer the following statement true (T) or false (F)

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