Subjective Dimensions of Culture (Scenario)

question 33

Multiple Choice

Subjective Dimensions of Culture (Scenario)
In the last two years, the sales of consumer electronics in China have risen by 9.4 percent. Moreover, the market is becoming increasingly competitive since a large number of Japanese, European, and American manufacturers are building factories to face the competition from low-cost Chinese manufacturers. Grande Co. is a U.S.-based consumer electronics manufacturer that has been negotiating with Chinese authorities for eight years to open a factory in the country. Since Grande has spent significant time and energy on negotiation in the past eight years, they should quit and set up a factory in a more responsive society.
-Which of the following can be inferred from the above passage?

• A) The Chinese culture is more likely than not to be deal-oriented.
• B) The Chinese culture is more likely than not to be relationship-oriented.
• C) The American culture is more likely than not to be relationship-oriented.
• D) The American culture is less likely to take an impersonal approach to business.

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Definitions:

Liquidation Market

A marketplace where assets are sold quickly, often at a discount, typically due to a company's insolvency or urgent liquidation needs.

Secondary Market

This is a market where investors purchase securities or assets from other investors, rather than from issuing companies directly.

Dealer Market

A financial market mechanism in which transactions are made through dealers who buy and sell securities for their own accounts.

OTC Market

Over-The-Counter Market, where securities are traded directly between parties without a central exchange, often used for stocks not listed on formal exchanges.