To Develop Better Strategies to Help You Communicate Interculturally, ________

question 56

Multiple Choice

To develop better strategies to help you communicate interculturally, ________.

• A)employ humour to break the ice since laughter is a universal language
• B)be informal and casual since this will make the person with whom you are speaking feel more comfortable
• C)avoid mirroring the behaviour of people you are talking to. While it is tempting to copy the body language of those you are speaking with, it can be seen as mockery
• D)understand your own communication style well so that you can adjust it if necessary
• E)learn a foreign language

Analyze the role of product and service differentiation in competitive markets.

Grasp the importance of flexibility in entrepreneurial business models.

Discern between different revenue streams and pricing strategies.

Appreciate the significance of customer relationships and loyalty in building a successful business model.

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Definitions:

Product Decision

The process of defining, developing, and managing the production of goods or services that meet customer needs and preferences.

Manage Risk

The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

Tolerate Failure

The capacity of an organization or system to endure and learn from failures without suffering catastrophic consequences.

Value Engineering

A systematic approach to improve the 'value' of products or services by using an examination of function. Value can be increased by either improving the function or reducing the cost.