A Manager Who Makes Occasional Trips to a Foreign Office

question 59

Multiple Choice

A manager who makes occasional trips to a foreign office but who manages mainly through ongoing e-mails,videoconferences,and web-based collaboration can BEST be described as a(n) ______.

• A) offshore manager
• B) virtual expatriate
• C) parent country national
• D) downsized employee
• E) third country national

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Definitions:

Oligopoly

Defines a market structure characterized by a small number of firms dominating the market, leading to limited competition.

Brand Loyalty

Occurs when a consumer buys the same brand’s product or service repeatedly over time rather than buying from multiple suppliers within the same category.

Demand Curve

Represents a graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices, usually downward sloping.

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a ratio.