Junko, a Sales Manager, Is About to Emigrate to a Country

question 52

Multiple Choice

Junko, a sales manager, is about to emigrate to a country where people tend to emphasize "living for the moment." A more formal name for this cultural emphasis is

• A)high power avoidance.
• B)low power avoidance.
• C)long-term orientation.
• D)short-term orientation.

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Definitions:

Cartel

An association of manufacturers or suppliers that maintains prices at a high level and restricts competition by controlling the production and distribution of a product or service.

Marginal Cost

The additional cost incurred in producing one more unit of a good or service.

Industry Price

The general price level for goods or services within a specific industry, often influenced by market dynamics such as supply and demand.

Duopoly

A market structure dominated by two companies, resulting in limited competition.