Scenario - Reardon Enterprises

question 39

Multiple Choice

Scenario - Reardon Enterprises
Reardon Enterprises was founded in 1985 by Jonas and Samuel Reardon.Initially this company was based solely in Santa Fe,New Mexico and sold products only in the U.S.market.Now,this organization has grown to become fifth in the fine glassware industry in the world.It proudly claims the distinction of having 14 manufacturing facilities located on foreign soil.It currently provides its delicate and refined glass products to 24 foreign marketplaces around the world.
Samuel continues to work in the field and feels his expertise in foreign relations is a large part of the reason the company has known such global success.While Jonas contends the factories and workers located on foreign soil should not be treated differently from those in Santa Fe,Samuel contends it is important to know how the other countries operate.Even with the differences in business philosophies and beliefs between the two owners,Reardon Enterprises remains a multi-billion dollar operation with a glistening future ahead of it.
-Reardon Enterprises has its second largest manufacturing facility located in South America.Which one of the following would not be an important cultural fact Samuel and Jonas should know before conducting business meetings there?

• A) Formal manners and attire are valued at dinner business meetings
• B) Business dealings must be discussed first and decisions made quickly
• C) Development of a personal relationship should come before conducting business
• D) Time is not an essential entity in that culture for it is believed there is always tomorrow
• E) Dinner meetings are considered a time to get to know those who would be doing business together

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Definitions:

United States

A country located in North America, consisting of 50 states and a federal district, known for its significant economic and political influence globally.

Income Inequality

The uneven distribution of income within a population, leading to disparities in wealth and living standards among different socio-economic groups.

Countries

Distinct territorial entities recognized as independent states, typically characterized by their own government, population, and defined geographical boundaries.

Lowest Level

The minimum or most basic level of something, often referring to the foundation or starting point.