Managing in a Global Environment

What is the term used to describe the ability to understand and adapt to cultural differences in a global business environment?

Cultural intelligence

Global mindset

Cross-cultural competence

International awareness

Which of the following countries has the largest population in the world?

China

India

United States

Brazil

Which of the following is NOT a major economic bloc?

European Union

North American Free Trade Agreement (NAFTA)

Association of Southeast Asian Nations (ASEAN)

African Union (AU)

Organization of Petroleum Exporting Countries (OPEC)

World Trade Organization (WTO)

What is the official language of Brazil?

Portuguese

Spanish

English

French

The G7 consists of the United States, Canada, France, Germany, Italy, Japan, and the United Kingdom. 6. What is the currency of Japan?

Yen

Yuan

Euro

Dollar

What is the term used to describe the practice of adjusting prices based on the local market conditions in different countries?

Price discrimination

Market segmentation

Global pricing

Price localization

Which of the following is NOT a potential benefit of cultural diversity in the workplace?

Increased creativity and innovation

Enhanced problem-solving abilities

Improved employee morale and satisfaction

Reduced communication barriers

Expanded global market opportunities

Decreased conflict and misunderstandings

What is the term used to describe the process of adapting products or services to meet the specific needs and preferences of customers in different countries?

Standardization

Localization

Globalization

Adaptation

Managing in a Global Environment

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