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How national-level cultural differences affect organizations

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-Hofstede developed a framework that identified 6 dimensions to help managers understand how national-level cultural differences affect organizations and management methods. One of those dimensions was individualism-collectivism. What is meant by that term? Provide a country that exemplifies individualism, and one that exemplifies collectivism.

-If the US/Japan exchange rate goes from $1/¥110 to $1/¥120, which currency appreciated, how does that country's consumers benefit as a result of the change, and how does the other country (i.e., the producing country) benefit?

Reference no: EM133023430

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