Why is developing a global vision important for firms in the United States?
What will be an ideal response?
Foreign competition is found in almost every industry. In fact, the United States has lost market share to imported products in many industries. U.S. managers must develop a global vision not only to recognize and react to international marketing opportunities, but also to remain competitive at home. Often a U.S. firm's toughest domestic competition comes from foreign companies. A global vision also enables managers to understand that customer and distribution networks operate worldwide. Adopting a global vision can be lucrative for a company, and in some industries a global vision is a business imperative.
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Which of the following will not help you write routine messages that promote goodwill?
A) providing information your readers may find helpful B) focusing on your audience C) including a sales pitch with every routine message D) maintaining a positive tone E) offering suggestions for areas of improvement
Consider a firm that recently issued bonds. Further, consider that the firm also set up a bond sinking fund. Required:
a. Why would a firm create a long-term liability? b. Why would a firm set up a bond sinking fund? c. If a firm paid $10,000 into its bond sinking fund at the end of the year, how would this transaction be journalized?
When using the indirect approach in business writing, bad news is sandwiched in the middle of the message between _____ and after an explanation for the bad news
Fill in the blank(s) with correct word
Pascal comes from a culture that high values in-group collectivism, so he is likely to be quite proud of his company and his family members
Indicate whether the statement is true or false.