Why Do German and Japanese Firms Generally Do Better Than

question 3

Multiple Choice

Why do German and Japanese firms generally do better than U.S. firms when it comes to managing volatility?

• A) Their emphasis is on beating competitors.
• B) They value employees and stability more highly.
• C) They maintain limited product lines.
• D) They reduce prices faster and raise advertising expenditures during booms.
• E) They consider market share to be a strategic goal.

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Definitions:

Neuroticism

A trait characterized by emotional instability, anxiety, moodiness, worry, and sadness.

Narcissism

A personality trait that includes a very positive, grandiose view of the self.

Dark Triad

A concept in psychology referring to the personality traits of narcissism, Machiavellianism, and psychopathy.

Lack of Empathy

A deficit or absence in the ability to understand and share the feelings of another.