An Advantage in Purchasing an Existing Business Is Which of the Following

question 96

Multiple Choice

An advantage in purchasing an existing business is which of the following?

• A) Image is difficult to change.
• B) There is an established customer base at the present location.
• C) Employees may be loyal only to previous management.
• D) The business location is unfamiliar.

Understand the concept of cultural intelligence and its role in international management.

Grasp the significance of management's attitude toward international operations as posited by Howard Perlmutter.

Recognize the importance of cultural practices, such as business card exchanges in high-context cultures.

Describe the different orientations (ethnocentric, geocentric) towards international staffing and management.

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Definitions:

Credit Purchase

The acquisition of goods or services with an agreement to pay later, usually within an agreed period.

Recorded

The act of entering financial transactions into the accounting records of a business.

Bill Paid

An event where an obligation, often recorded as an accounts payable, is settled by paying the outstanding amount.

Accounts Receivable

Customer indebtedness to a company for the provision of goods or services that remain unpaid.