Which of the following is an informal barrier to trade when foreign firms enter new markets?
A. Differences in norms
B. Political differences
C. Economic differences
D. Existence of multiple currencies
Answer: A
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When a client outsources, management knows how much the outsourced services will cost, which eliminates _____.
A. transaction risks B. miscalculation risks C. compliance risks D. legal risks
When choosing a delivery style, you should take into account all of the following EXCEPT
a. how easy it will be. b. the nature of the speaking occasion. c. the purpose of the presentation. d. your strengths and abilities.
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant collected $5,200 of accounts receivable. As a result of this transaction, Gant's working capital will:
A. Remain the same. B. Increase. C. Decrease. D. Cannot be determined.
Advanced BionicsAdvanced Bionics is a global leader in the development of implantable, high-tech neurostimulation devices used to treat deafness and chronic pain. Just two-and-a- half years after introducing its new stimulators, the firm is doing $200 million in domestic sales. How has Advanced Bionics been so successful? Its success can be attributed to its outstanding products and to three aspects of its sales approach. First, Advanced Bionics hired the right talent for its sales force. Companies tend to use experienced sales reps-often hired away from competing companies-to sell new medical devices. This can be very expensive since experienced reps generally expect as much as $200,000 in annual income. So when Advanced Bionics brought its medical device to market, it hired people with
no experience selling medical devices and turned them into sales reps. Hiring inexperienced salespeople created some problems, however, and the company experienced high turnover rates during its first two years in operation. Second, Advanced Bionics provided salespeople with a rigorous training program. Third, Advanced Bionics allowed salespeople to plan their own activities while managers monitored their progress and pushed them to improve. In short, the company has been able to succeed by selecting good salespeople, training them well, and managing them carefully.Refer to Advanced Bionics. Medical Education Training Associates (META) handles the training of new Advanced Bionics sales reps. One of META's advanced courses focuses on building networks among the company's various stakeholders. Networking is often discussed as an approach for developing _____. A. new product ideas B. potential new clients C. strategic resources D. sales force morale E. cost reduction strategies