In Confronting the International Problems Caused by Lack of Language

question 2

Multiple Choice

In confronting the international problems caused by lack of language training,the MOST useful advice for North Americans is to

• A)be glad that English is used so widely for business transactions and not be overly concerned with the need for knowing other languages.
• B)try to acquire second language skills if possible, or at least learn a few words in the language of your audience.
• C)expect business representatives of other countries to know English.
• D)always travel with an interpreter.

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Definitions:

Sellers' Sense

An intuitive understanding or awareness among sellers about market conditions, consumer demand, and optimal pricing strategies.

Fairness

A person’s opinion as to whether a price, wage, or allocation is considered morally or ethically acceptable.

Maximize Profits

The process or strategy of adjusting production, pricing, and other operational variables to achieve the highest possible financial gain.

Time Inconsistency

The tendency of people to change their plans about future actions because of a change in their immediate preferences or circumstances.