Chic Clothing Inc

question 35

True/False

Chic Clothing Inc. has expanded to six locations in four different countries. Having seized the opportunity to make this move two years ago, top managers are now very glad they did (as are shareholders). Business is booming in both the U.S. and foreign markets. Current plans call for opening four new stores every year—two in the United States and two in Europe—for each of the next ten years. Chic’s managers are well aware that they’ll have to put a great deal of effort into learning new languages, traditions, customs, exchange rates, religions, and political practices.
-Understanding that,in some countries,people's personal and business lives overlap more than they do in the United States will help Chic managers deal with counterparts in high-context cultures.

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Definitions:

Fundamental Principle

A basic concept or underlying rule that is foundational to a system, theory, or scientific discipline, guiding thinking and action.

Favourable Consequences

Positive outcomes or rewards that are likely to encourage a particular behavior to be repeated.

Primary Reinforcer

A stimulus that satisfies a basic survival need and thus inherently reinforces and increases the likelihood of a behavior associated with it.

Secondary Reinforcer

A stimulus that becomes reinforcing through its association with a primary reinforcer, not inherently rewarding but has learned value.