Mass communication and high technology have ____________________ in diverse cultures worldwide.
created similar patterns of consumption
resulted in highly individualized patterns of consumption
rendered patterns of consumption identical
had little to no effect on patterns of consumption
Organizations that conduct business operations across national borders are called
protectionists
national firms
multinational cooperations
domestic companies
all of the above
The smile is one form of communication that works the same worldwide.
In China, business relations revolve around guanxi, or personal relations.
________ can enable firms to learn the technology, culture, and business practices of other people and to make contacts with potential customers, suppliers, creditors, and distributors in foreign countries.
economies of scale
joint ventures
low-cost production facilities
reduced tariffs
domestic operations
All of the following are potential disadvantages to initiating, continuing, or expanding business across national borders EXCEPT
foreign operations can absorb excess capacity, reduce unit costs, and spread economic risks over a wider number of markets.
firms confront different social, cultural, and political forces when doing business internationally, which can make communication in the firm difficult.
keeping informed about the number and nature of competitors is more difficult when doing business internationally.
dealing with two or more monetary systems can complicate international business operations.
foreign operations could be seized by nationalistic forces.
Strengths of competitors in foreign lands are often ________, and weaknesses are often ________.
overerstimated; overerstimated
overerstimated; underestimated
underestimated; underestimated
underestimated; overerstimated
none of the above
