quiz 3d

An American businessperson in London was offered a "cuppa" by the company's receptionist. The businessperson did not know that the receptionist was offering a cup of tea. This is an example of

a language barrier

A country with a weak currency value tends to

decrease its imports and increase its exports.

A nation that exports more than it imports maintains a

trade surplus

Which of the following is an example of nonverbal communication that might have a different meaning to business people in other parts of the world:Shaking hands when greeting a customer

Shaking hands when greeting a customer

Which of the following is a situation that might make business people from other countries feel uncomfortable and impact their ability to conduct business:

Standing very close to others during conversations

When meeting with businesspeople from other countries, it is important to understand social differences, such as bowing, handshaking, and spatial comfort, which are often called

non-verbal cues

Online chats, forums, and communities that enable businesses to learn about the wants and needs of their worldwide target market have created a new form of

social relationships

Which of the following is a benefit of international trade:

An improved standard of living

The U.S. produces widgets faster and cheaper than Switzerland. In this example, the U.S. has a(n) __________ comparative.

absolute

Levels of inflation and unemployment are factors that affect __________ in the world market.

competition