Chic Clothing Inc. has expanded to six locations in four different countries. Having seized the opportunity to make this move two years ago, top managers are now very glad they did (as are shareholders). Business is booming in both the U.S. and foreign markets. Current plans call for opening four new stores every year—two in the United States and two in Europe—for each of the next ten years. Chic’s managers are well aware that they’ll have to put a great deal of effort into learning new languages, traditions, customs, exchange rates, religions, and political practices.
-Because businesspeople participate in a nation's culture,Chic managers must heed the Foreign Corrupt Practices Act in order to avoid contaminating foreign cultural environments.
Correct Answer:
Verified
Q96: If the U.S.dollar goes down relative to
Q97: According to some experts,American businesspeople are at
Q98: A country's level of economic development is
Q99: Companies doing international business often face a
Q100: According to the independent organization Transparency International,_
Q102: To offset the dumping of goods on
Q103: The major purposes of the General Agreement
Q104: As a U.S.farmer who receives a subsidy,you're
Q105: Policies that restrict free trade among nations
Q106: If a country wants to offset the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents