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GMS522 Exam Prep Test| Verified Q&A’s| Latest
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GMS522 Exam Prep Test| Verified Q&A’s| LatestAspects of non-verbal language - ✔✔- Time: Flexible in many cultures
- Space: Arabs and Latins may get a little too close
- Material Possessions: Type of suit, watch, car, and phone
- Friendship patterns: Who you know
- Business agreements: Formal or informal
high-context culture - ✔✔people rely heavily on situational cues for
meaning when communicating with others. Non verbal, hand gestures, ect
low-context culture - ✔✔a culture in which people are expected to be
direct and to say what they mean
Thucydides Trap - ✔✔From a trade war to military conflict. Graham Allison
writes about the trap. From his research over the last 500 years there were 16
, instances in which a rising power challenged an established power. In 12 of
them the end result was military conflict.
Protectionism - ✔✔the theory or practice of shielding a country's
domestic industries from foreign competition by taxing imports.
Tariff - ✔✔A tax on imported goods
tariff calculation - ✔✔most duty collected based on value, collected ad
valorem, valuation is generally the amount billed by the exporter and shown on
the invoice
Quota - ✔✔A limit placed on the quantities of a product that can be imported
Exchange controls - ✔✔Regulations that restrict the amount of currency
that can be bought or sold
Restricted access to local distribution - ✔✔National governments may
also protect domestic industries for restricting access to normal channels for
distribution for foreign firms
Investment barriers - ✔✔Government restricts foreign ownership in
certain sectors. Like what Canada did to the Chinese recently
infant industry argument - ✔✔Firms need to be shielded from direct
foreign competition in order for them to
grow and develop
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