Which of the Following Accurately Describes a Cultural Difference International

question 69

Multiple Choice

Which of the following accurately describes a cultural difference international marketers should be aware of?

• A) Outside of English-speaking countries, most business leaders do not speak English.
• B) British businesspeople are accustomed to making more business deals over the telephone than in person.
• C) German people tend to be impressed by overstatement and showiness.
• D) Japanese people tend to put a high value on rank.
• E) French businesspeople are accustomed to building relationships between buyer and seller through quick and easy familiarity.

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Definitions:

Perpetual System

A perpetual system is an inventory management approach that continuously tracks inventory levels and costs, updating records with each purchase and sale.

Inventory Cost

Inventory cost includes all expenses associated with acquiring, holding, and processing goods that are to be sold, including the costs of materials, labor, and overhead.

Customer Demand

The desire and willingness of consumers to purchase goods and services at given prices.

Inventory Turnover

A ratio that measures how often a company sells and replaces its stock of goods within a certain period, indicating efficiency in inventory management.