Which of the Following Should a Business Follow for Success

question 219

Multiple Choice

Which of the following should a business follow for success?

• A)Technology choices should drive business processes
• B)Business processes should drive technology choices
• C)Technology choices should drive business strategies and goals
• D)All of the above depending on the industry

Comprehend the definition and components of culture affecting international business operations.

Understand the stages of internationalization and the evolution of global corporations.

Characterize the attitudes and management styles in global companies regarding language and corporate culture.

Understand the cultural dimensions identified by the GLOBE project and their impact on international business practices.

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Definitions:

Price Floor

A government-imposed minimum price set above the equilibrium price, preventing market prices from falling below it.

Shortage/Surplus

Conditions where the quantity demanded is greater than the quantity supplied (shortage) or the quantity supplied is greater than the quantity demanded (surplus) in a market.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a specific price level.

Quantity Supplied

The volume of a good or service available for sale from suppliers at a certain cost.