5 Questions
What is a key trend in workforce management mentioned in the text?
Outsourcing project management and contracting
What is emphasized as a characteristic of a contemporary business manager?
Creativity and critical-thinking skills
Why is having strong ethics and social responsibility crucial for a business according to the text?
To avoid public image problems and lawsuits
What is highlighted as a key factor affecting businesses in the text?
Developing ongoing relationships with customers for mutual benefit
What is the primary message conveyed regarding the changing nature of work in the text?
Shift from labor-intensive manufacturing to knowledge-based technologies
This quiz explores the concept of contemporary business and how companies compete in a global market. Topics include global sourcing, efficient manufacturing, and business opportunities in sales. It also discusses factors such as economic globalization, market expansion, and challenges like material cost, government regulations, and political confrontations.
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