Scenario - the Sandman Group

question 9

Multiple Choice

Scenario - The Sandman Group
The Sandman Group is a multinational pharmaceutical business,which provides needed medications to a variety of foreign markets around the globe.It has recently acquired a new customer that is based in Saudi Arabia.This area of the world is new to the company.Sandman plans to send ten representatives and managers to the Saudi region to better serve this new client's needs.The company feels confident in its products and its people and believes strongly they will be able to accommodate the needs of this client.
-The Sandman Group is determined to be successful in its business dealings with its newest Saudi customer.It has been working diligently with the ten representatives and managers it plans to send into the region.Sandman wants each one to be well versed in the culture of the region before they depart on their assignment.Which one of the following would not be of high concern for those individuals to learn before leaving the United States?

• A) Effective verbal communication skills
• B) Awareness of non-verbal language and its meanings
• C) Food for eating must be prepared in the halal way
• D) Financial infrastructure of the region
• E) Knowledge of the value system of the region

---

Definitions:

Credit Period

The time frame between the purchase of goods on credit and the payment for those goods, offered by suppliers to buyers as an incentive.

Credit Period

The Credit Period is the time frame during which a buyer can pay for goods or services purchased on credit without incurring interest charges.

Credit Cost Curve

A graphical representation of the relationship between the cost of credit (interest rates) and the quantity of credit available in the market.

Collection Policy

Collection Policy is a set of procedures that a company uses to manage and collect payments from its customers, ensuring timely collection of receivables.