Examlex
For each of the following types of business,indicate why the manager needs to know the unit cost information.
Power Distance
The degree to which a culture accepts unequal distribution of power.
Inequality
The uneven distribution or imbalance of resources, opportunities, and rights among individuals or groups, leading to disparities in wealth, status, and power.
Formality
The degree to which activities, procedures, or operations are structured and officially sanctioned.
Guanxi
The Chinese practice of building networks for social exchange.
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