Company to understand local culture in foreign market

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Reference no: EM132176469

1. When dealing with global marketing what is (are) the best way (ways) for a company to understand the local culture in a foreign market:

a. Have the business owner live there for at least 3-6 months

b. Send a company employee to live there for at least 3-6 months

c. Hire someone who lives in the foreign country and is familiar with local culture

d. All of the above

e. None of the above

2. Compared to a perfectly competitive industry, a monopolist will generally produce:

A. a greater level of output a lower price. B. a greater level of output at a higher price. C. a smaller level of output a lower price. D. a smaller level of output at a higher price. E. roughly the same level of output but at a higher price.

3. Out-of-control government spending and inflation can have negative effects on individuals and a country's economic situation because they:

a. Burden future generations with high national debt that will require higher taxes.

b. Decrease the purchasing power of individuals and limit their economic power.

c. Lead to higher products and services prices and less disposal income for everyone.

d. Increases other countries' influence over your country's economy and government policies.

e. All of the above

Reference no: EM132176469

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