A Global Product Manager of a Major U

question 14

Multiple Choice

A global product manager of a major U.S.-based MNC is upset over two incidents that have occurred in the firm's Mexican subsidiary.The country manager has argued against a price increase proposed by headquarters and has insisted that the local sales force be expanded.What advice would you give the global product manager?

• A)Don't listen to the country manager.You have authority over these issues.
• B)Listen to the country manager.You don't have authority over these issues.
• C)Don't be upset.Conflict can be good.
• D)These issues should be taken to the CEO immediately.

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Definitions:

Glass-Steagall Act

An act of Congress in 1933 that separated investment banking from retail banking to reduce financial speculative bubbles and prevent bank failures.

Commercial Banking

Banking services provided to businesses and individuals, including deposit taking, lending, and various other financial transactions.

Investment Banking

A sector of the banking industry that deals with the creation of capital for other companies, governments, and other entities.

Investment Bankers

Professionals who work in financial institutions, facilitating mergers, acquisitions, and the issuance of securities.