D270 Exam 1 questions and verified correct answers 2024

The chapter case on Saudi Arabia demonstrated what main idea about International Business? - correct answer Doing business in foreign countries often means having to adapt your business model and operations to accommodate the culture and customs of the host country, even if that culture seems completely opposite the one you're used to What were some cultural differences that firms in Saudi Arabia needed to adapt to? - correct answer Gender Roles - E.g. Saks 5th Ave had to provide gender segregated floors in its stores Religious Values - McDonald's in SA closes 5 times per day for prayers Relationship/Family oriented - SA companies are more likely to hire and trust family members before outsiders. SA business people want to get to know you first. Less Punctual - meeting times and deadlines are fluid What is the "wasta" system? - correct answer Found in Saudi Arabia and other countries. The idea that "who you know" is much more important for success than "what you know" What are core values? - correct answer Values so strong they are non-negotiable What are peripheral values? - correct answer Values in a society that are less dominant than core values and more pliable What is culture? - correct answer The shared values, beliefs, and attitudes of a people group What are subcultures and why are they important for us to remember when thinking about culture? - correct answer Subcultures are smaller groups of people within a broader culture that share certain interests, beliefs, traditions etc.