Which of the following best describes the concept of serendipity in exporting?
A) modifying products to meet cultural preferences
B) initiating global sales through e-commerce methods
C) relying too much on exports when domestic sales suddenly increase
D) opportunistically responding to unsolicited orders from foreign customers
D
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What is the most effective way to avoid negative surprises during a performance evaluation?
A) Make sure an employee understands job requirements. B) Tie salary increases to performance reviews. C) Tie promotions to performance reviews. D) Tie performance to organizational values. E) Provide consistent and regular feedback on performance.
Which of the following provides a financial snapshot of a company's assets and liabilities (debts) on a given date?
A) working capital B) operating margin C) balance sheet D) gross margin