Your Company Has Recently Requested That You Travel to Dhaka

question 404

Multiple Choice

Your company has recently requested that you travel to Dhaka, Bangladesh, to work on negotiations for a new factory to be located in one of the port cities. Your travel agent provides a list of several hundred local hotels and a Sheraton. In this case, the Sheraton brand-name is likely to be used as a signal of

• A)perceived differences that are not likely to exist among your various options.
• B)quality when quality cannot be easily judged.
• C)inefficiency in markets characterized by recognizable brand names.
• D)the quality of general lodging accommodations in Dhaka.

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Definitions:

Egocentrism

Putting oneself at the center of things such that one is unable to perceive the world from another person’s point of view. Egocentrism is normal in early childhood, but is a matter of choice, and rather intolerable, in adults.

Self-Esteem

An individual's subjective evaluation of their own worth or value, which can influence mental health and behavior.

Closeness

The quality or state of being close or intimate with someone emotionally or physically.

Industry Versus Inferiority

The fourth stage of psychosocial development in Erikson’s theory, occurring in middle childhood. Mastery of tasks leads to a sense of industry, whereas failure produces feelings of inferiority.