In a firm's external environment, ________ primarily capture population characteristics related to age, gender, family size, ethnicity, sexual orientation, religion, and socioeconomic class.

A. political trends
B. demographic trends
C. economic trends
D. ecological trends


Answer: B

Business

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Which of the following would be an example of Ritzer’s McDonaldization applied to finding ‘love’?

a. Giving handmade chocolates to a person you desire b. Taking a person you desire for dinner at an exclusive restaurant c. Using a speed dating service d. Taking a date out for a Big Mac

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Once a company has decided to enter the global marketplace, it must select a means of market entry. Four general options exist: (1) ________; (2) licensing; (3) joint venture; and (4) direct investment.

A. franchising B. countertrading C. accreditation D. exporting E. cooperative

Business

Making a hamburger at a fast-food restaurant is an example of a closed skill.

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

Business

Dynamic modeling represents structure in motion

Indicate whether the statement is true or false

Business