Hofstede's Fifth Dimension of Confucian Dynamism Captures

question 69

Multiple Choice

Hofstede's fifth dimension of Confucian dynamism captures

• A)how a society deals with the fact that people are unequal in physical and intellectual capabilities.
• B)the relationship between an individual and his or her fellows along with the degree to which individual achievement and freedom are emphasized.
• C)the extent to which different cultures socialized their members into accepting ambiguous situations and tolerating uncertainty.
• D)attitudes toward time,persistence,ordering by status,protection of face,respect for tradition,and reciprocation of gifts and favors.
• E)the extent to which sex roles are differentiated and values such as achievement and power are emphasized.

---

Definitions:

Prestige Pricing

A pricing strategy where goods are priced higher to evoke a sense of luxury or exclusivity.

Lamborghini

An Italian brand known for manufacturing luxury sports cars and SUVs, characterized by their high performance and distinctive design.

Competitive Parity Pricing

Competitive Parity Pricing is a pricing strategy where businesses set prices similar to their competitors, aiming to maintain market share rather than to differentiate based on price.

Price Elasticity

A measure of the sensitivity of quantity demanded or supplied to changes in price.