Business Management and Marketing Concepts
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Questions and Answers

What is the purpose of gauging candidates' personalities in the context provided?

  • To determine their problem-solving skills
  • To assess their educational background
  • To understand their technical skills
  • To evaluate their communication abilities (correct)

    • Which concept involves each nation having a greater quantity and variety of higher-quality products to consume at lower prices?

  • Market segmentation
  • Offshore outsourcing
  • Just-in-time inventory control system
  • Theory of comparative advantage (correct)

    • What poses a significant risk for international business according to the given text?

  • Workplace Hazardous Materials Information System
  • Market segmentation
  • Unanticipated exchange rate changes (correct)
  • Brand

    • What does the franchisor do when shifting costs and risks to the franchisee in opening a foreign market?

    <p>Transfers the burden of market entry to the franchisee</p> Signup and view all the answers

    Why is working capital management important in business operations?

    <p>To manage cash flow and liquidity effectively</p> Signup and view all the answers

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