China highly values enduring relationships and connections. China has also a str

Question

China highly values enduring relationships and connections. China has also a strong appreciation for tradition and its rich history of culture. It is also willing to exert patience in business deals and take time during negotiations, which demonstrates that China has a(n) ________.

A) long-term orientation

B) low uncertainty avoidance

C) environmental sensitivity

D) low-context culture

E) short-term orientation

Korea’s low tolerance for risk and the fact that decisions are made after reaching a consensus among groups at organizations at various levels. This represents which of the following pairings of Hofstede's cultural dimensions?

A) High uncertainty avoidance and individualism

B) Achievement and collectivism

C) High uncertainty avoidance and collectivism

D) Low uncertainty avoidance and collectivism

E) Low uncertainty avoidance and individualism

A Chinese consumer chatting on iPhone while sipping Coke is a clear indication of all of the following aspects except __________.

A) The world becoming an integrated marketplace

B) Openness of the Chinese market to world economies

C) Gradual integration of national economies

D) Growing interdependence of national economies

E) Growing independence of national economies

If a company is ready to make a serious long-term investment and move into the Chinese market, which of the following will it most likely pursue?

A) A subsidiary

B) Exporting

C) Franchising

D) Licensing

E) A representative office

The decision to outsource to China would most likely result from China's ________.

A) infrastructure "cold chain"

B) the lax government regulations

C) low-cost and productive labor pool

D) import tariffs

E) the 1.3 billion consumers in China

Explanation / Answer

A

The focus on relationship and connections along with culture shows the inclination towards long term orientation

C

Korea likes to avoid uncertainties and take decisions in groups rather done by individual

E

It doesn't show independence of national economies as people are using foreign brands. Thus, it is interdependence

A

A subsidiary is setup with long term focus in mind. It helps to manage the operations effectively and over see the work closely

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