Factors Affecting Country Attractiveness for Business

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18 Questions

What is the primary unit of social organization in many societies?

Individuals

Which factor does NOT influence the evolution of values and norms in a society?

Technological advancements

What indicates how a society is organized in terms of values, norms, and relationships?

Social structure

In a mores society, what are people who share a common set of values and norms referred to as?

Nation-states

What group has a shared sense of identity and interacts based on common expectations about behavior?

Work groups

Which is often studied for national identity, national character, and competitive advantage of nations?

Mores Society

According to the passage, which factor has significantly impacted a country's overall economic success?

The presence of a skilled and educated workforce

How did Japan's education system contribute to its post-World War II economic growth and competitiveness?

Japan's emphasis on math and science education, especially at the primary and secondary levels

How does the education level of a country's population influence international businesses' location decisions?

It influences the presence of a well-educated workforce that can support the company's operations

How does a country's general education level affect the marketing and promotional strategies used by international businesses?

It provides insights into the market potential for certain products and the type of promotional materials to be used

Which country is highlighted in the passage as an example of how education can contribute to economic success?

Japan

According to the passage, which of the following factors has attracted information technology outsourcing to countries like India?

Significant number of trained engineers due to the education system

Which of the following is NOT considered a key factor that contributes to the overall attractiveness of a country for international business?

Availability of skilled labor

Which of the following is the primary purpose of the World Bank's Ease of Doing Business Index?

To assess the overall business environment and attractiveness of potential markets

Which of the following is a key characteristic of industries with a high level of competition, according to the text?

They require careful evaluation of market entry strategies

What is the primary purpose of the concept of "cross-cultural literacy" as described in the text?

To understand how cultural differences can affect international business operations

According to Hofstede's definition, culture is best described as:

The collective programming of the mind that distinguishes one human group from another

Which of the following is NOT considered a key determinant of culture according to the text?

Availability of natural resources

Explore the various factors such as political stability, legal framework, economic indicators, and social factors that contribute to a country's overall attractiveness for conducting business. Learn how indices like the World Bank's Ease of Doing Business Index help in assessing potential markets. Understand the importance of evaluating the competitive landscape to determine business profitability.

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