Which of the following is an effective way to communicate across? cultures?
A. Focus on superficial elements
B. Be intolerant of ambiguity
C. Ignore your own cultural bias
D. Be inflexible
E. Learn about cultures in which you do business
Correct Answer:
E. Learn about cultures in which you do business
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Which of the following is NOT true with regard to the serial approach in a large-scale production project?
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How many units of Product A can they expect to sell?
A small entrepreneurial company is trying to decide between developing two different products that they believe they can sell to two potential companies, one large and one small. If they develop Product A, they have a 50% chance of selling it to the large company with annual purchases of about 20,000 units. If the large company won't purchase it, then they think they have an 80% chance of placing it with a smaller company, with sales of 15,000 units. On the other hand if they develop Product B, they feel they have a 40% chance of selling it to the large company, resulting in annual sales of about 17,000 units. If the large company doesn't buy it, they have a 50% chance of selling it to the small company with sales of 20,000 units. A) 20,000 B) 17,000 C) 16,000 D) 15,000
Generally, contracts are discharged by the performance of the terms of the contract
Indicate whether the statement is true or false