A Market Consists of People with Wants and Needs,money to Spend,and

question 13

True/False

A market consists of people with wants and needs,money to spend,and the willingness to spend money on those wants and needs.

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Definitions:

Power Distance

This term refers to the degree to which individuals in a society accept and expect power to be distributed unequally.

National Culture

The shared values, norms, behaviors, and artifacts of a nation's inhabitants that distinguish it from other nations.

Geert Hofstede

A Dutch social psychologist known for his research on cross-cultural groups and organizations, notably for pioneering the study of cultural dimensions affecting work behavior.

International Human Resource Management

the management of human resources in an international context, including understanding and managing diverse workforces across different cultures.