Global Business Success Is the Result of Many Factors, Including

question 80

Multiple Choice

Global business success is the result of many factors, including

• A) standardization rather than customization of negotiation procedures across all cultures.
• B) the emergence of the English language as the chief medium of negotiations.
• C) increased homogenization of cultures across the world.
• D) the availability of large numbers of skillful international negotiators.
• E) avoidance of the use of technology in all areas related to business negotiations.

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Definitions:

Facility Costs

Expenses associated with the physical means through which a company operates, such as rent, utilities, and maintenance of buildings and equipment.

Tariffs

Taxes or duties to be paid on a particular class of imports or exports, affecting the price and demand for goods.

Logistics

The management of the flow of goods, services, and information between the point of origin and the point of consumption to meet customer or corporate requirements.

Taxes

Mandatory financial charges or levies imposed by a government on individuals or organizations to fund public expenditures.