QUESTIONS AND ANSWERS ACCURATE
SOLUTION PACK
●● Gross Domestic Product.
Answer: total market value of all FINAL goods and services produced in
a country for a given period
●● Cultural Dimensions.
Answer: Power Distance Index
Individualism (vs Collectivism)
Masculinity (vs Femininity)
Uncertainty Avoidance Index
Long Term Orientation
Indulgence (vs Restraint)
●● Culture.
Answer: "collective programming of the mind distinguishing the
members of one group or category of people from others."
●● Power Distance Index.
,Answer: extent to which less powerful members of a society accept and
expect the power is to be distributed unequally
●● Individualism (vs Collectivism).
Answer: extent to which members feel responsible to themselves and
immediate families (vs. others in the group)
●● Masculinity (vs Femininity).
Answer: extent to which members prioritize achievement, assertiveness
and material rewards for success (vs cooperation, caring for the weak
and quality of life)
●● Uncertainty Avoidance Index.
Answer: extent to which members want to maintain control over future
events (even if they cannot)
●● Long Term Orientation.
Answer: extent to which members value adapting to current changes in
the environment to prepare for the future
●● Indulgence (vs Restraint).
Answer: extent to which members value need gratification
●● Enthocentrism.
, Answer: viewing outside others and their cultural traditions through the
lens of our own culture
●● Cultural factors.
Answer: Language/slang
Customs/traditions
Expectations for appropriate behavior in business interactions
●● Demographics to consider.
Answer: Population growth
Population density
Age trends
Household income
Household status
Gender
●● ______ and culture must be considered together.
Answer: Demographics
●● Are demographics important?.
Answer: YES