When is it necessary for a firm to practice storing of goods?
A. when product quality doesn't match demand
B. when products are produced in small batches
C. when production doesn't match consumption
D. when production doesn't match the quality demanded
E. when there is more demand and no supply
Answer: C
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Indicate whether the statement is true or false
Three cultural factors that are important to effective communication include:
a. understanding the business communication in the other culture, knowledge of how business communication is taught in the other culture, and knowing that content errors are more difficult to discern than language errors. b. understanding the business communication in the other culture, knowing that syntactic errors are important, and a second language makes errors easier to detect. c. knowledge of how business communication is taught in the other culture, knowing that syntactic errors are important, and a second language makes errors easier to detect. d. knowing that content errors are more difficult to discern than language errors, understanding the business communication in the other culture, and a second language makes errors easier to detect.
Krypton, a developing nation, has a reputation for being unsuitable for conducting business due to its poor communication and transportation systems. Its distribution networks are also underdeveloped. In this scenario, Krypton has a poor
A. demographic environment. B. advertising system. C. balance of payments. D. economic infrastructure. E. cultural system.
The primary function of insurance is to
A) insure you against all types of risk. B) become wealthy from the claims you file. C) maintain your existing level of wealth. D) give you peace of mind.