In High Uncertainty-Avoidance Cultures, One Would Expect to Find a Preference

question 78

Multiple Choice

In high uncertainty-avoidance cultures, one would expect to find a preference for _____.

• A) openness to change
• B) innovation
• C) predictability
• D) openness to risk
• E) ambiguity

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Definitions:

Consumers

Individuals or organizations that purchase or use goods and services for personal use or consumption.

Pricing Decisions

The process of setting the price for a product or service, influenced by costs, competition, market demand, and perceived value.

Create Value

The process of enhancing a product or service's worth by improving its appeal to customers, thereby increasing its market value or consumer demand.

Demand Curve

Shows how many units of a product or service consumers will demand during a specific period at different prices.