Weâve considered how culture affects business
1)Weâve considered how culture affects business. Now letâs thinkabout behavioral practices such as social stratification for a moment. Howdoes the U.S. practice social stratification? Do we practice ascribed oracquired group membership in social stratification?2)Research the World Bank at www.worldbank.org. How important isthe World Bank to developing countries? To companies interested ininvesting overseas? Provide a rationale for your answer.Define the difference between developing countries and emergingcountries. List five examples for each type.3)Imagine that you are a lobbyist representing the airplane industry.You have been asked to speak to a group on Capitol Hill. Your companyhas asked you to persuade lawmakers to pass a bill that providessubsidies to companies in your industry. Use the theories that youâvelearned to create a three- to four-sentence argument to support yourposition.Identify a country and one of its major exports. Which factorsenable the country to become a major producer of the good or service?How might the government of this country encourage the export of thisproduct? Explain your answers.An exchange rate is the price of currency. Google exchange rates forthe following countries: Canada, Mexico, Germany, and Japan. What doyou notice about each exchange rate in regards to the value of theAmerican dollar? How important would exchange rate be when deciding to"go global?"4)5)Consider the following business scenarios. Imagine yourself as smallbusiness owner who uses e-commerce. What happens if the dollarincreases in value (relative to other currencies)? What happens if the dollardecreases in value (relative to other currencies)? Consider outstandingorders and payments.
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