Many U.S. firms prefer to sell in Canada, England, and Australia-rather than in larger markets such as Germany and France-because they feel more comfortable with the languages, laws, and culture, which reflect the ________ between these countries and the United States.

a. self-serving bias
b. coincident development
c. psychic proximity
d. cognitive dissonance
e. backward invention

Answers

Answer 1

Answer: psychic proximity

Explanation:

The above scenario in the question reflects the psychic proximity between the countries and the United States.

In international business, psychic proximity simply has to do with the national differences between countries which influences a country's perception towards another country.

Therefore, the correct option is C.


Related Questions

Donald, a 40-year-old married taxpayer, has a salary of $55,000 and interest income of $6,000. He is an active participant in his employer's pension plan. What is the maximum amount Donald can contribute to a Roth IRA in 2019?

Answers

Answer:

$6,000

Explanation:

The maximum amount that Donald should contribute to Roth IRA is $6,000

This amount will valid in that case where an individual would have an age within 50

Since Donald has an age of 40 so he is eligible for $6,000

Hence, the same is to be considered

Hence, the maximum amount contributed by Donald is $6,000

Chavin Company had the following results during August: net operating income, $250,000; turnover, 5; and return on investment (ROI) 19%. Chavin Company's average operating assets were:_________. A. $50,000 B. $47,500 C. $1,250,000 D. $1,315,789

Answers

Answer: D. $1,315,789

Explanation:

Return on Investment = Net operating income/ Average operating assets

Average return on Assets will therefore be;

= Net Operating Income/ Return on Investment

= 250,000/0.19

= $1,315,789.47

= $1,315,789

If budgeted beginning inventory is $9,150, budgeted ending inventory is $10,420, and budgeted cost of goods sold is $11,110, budgeted purchases should be:

Answers

Answer:

$12,380

Explanation:

The beginning inventory is $9,150

The budgeted ending inventory is $10,420

The cost of goods sold is $11110

Therefore the budgeted purchases can be calculated as follows

= $10,420 + $11,110-$9,150

= $21,530 - $9,150

= $12,380

Hence the budgeted purchases is $12,380

The Cereal Bar, a fast-food restaurant that sells breakfast cereal, wanted to see if a different price for its Wild O's breakfast special would affect demand. So the marketing manager used ________ when she tested two different prices at two different stores and compared sales.

a. idea testing
b. segmentation research
c. experimental method
d. test-marketing
e. focus groups

Answers

Answer: test marketing

Explanation:

Test marketing is a marketing technique that is used by companies in order to know how the consumers will respond to a certain product. This is done by making the product to be available to the consumers on limited basis after which the demand for the product is being ascertained by the company before a wider release.

This is the method used by cereal bar. Therefore, the answer is test marketing

A large group is sitting at a table and only one person at the table is an adult. The adult
orders a beer and all of the minors order soft drinks; the adult pays the final bill. Is this a
legal on-premise sale?
A. O Yes
B. O No

Answers

yes and search it up

Black Horse deposits $2,000 in cash in his checking account at Bank for the People of West Dakota. The reserve requirement is 25%. Which is the maximum expansion of the money supply possible from the original deposit?

a. $2,000
b. $4,000
c. $6,000
d. $8,000

Answers

Answer:

d. $8,000

Explanation:

Reserve requirement = 25% = 0.25

The money multiplier = 1 /Required reserve

The money multiplier = 1/0.25

The money multiplier = 4

The initial deposits = $2,000

The maximum possible expansion of deposits = Initial deposits * The money multiplier  = $2,000 * 4 = $8,000. Thus, the maximum expansion of the money supply possible from the original deposit is $8,000

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