John Chambers,CEO of Cisco Systems,said,"Make Your Customer the Center of Your

question 75

Multiple Choice

John Chambers,CEO of Cisco Systems,said,"Make your customer the center of your culture." Customer-centered companies are adept at building customer relationships,not just producing products; they are skilled in ________,not just product engineering.

• A) service engineering
• B) market engineering
• C) cultural engineering
• D) innovation engineering
• E) management engineering

Describe the basis for international trade and its effects on economies.

Analyze the impact of trade balances on national economies.

Discuss the role and criticisms of major international trade organizations.

Understand the dynamics and challenges of globalization.

---

Definitions:

Principals

In legal and business contexts, refers to the primary parties involved in a transaction or agreement.

Breaching

The act of violating a law, duty, agreement, or expectation.

Agent By Estoppel

A concept in law where a person is prevented (estopped) from denying the agency relationship due to their actions or representations.

Agent By Conduct

An individual or entity that acts on behalf of another party in a way that suggests they have the authority to do so, even if no formal agency relationship exists.