UNIT 2 ( LESSON 1) Flashcards

1
Q

The set of values, beliefs, rules, and institutions held by a specific group of people. _______ is highly complex portrait of a people

A

Culture

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2
Q

The belief that one’s own ethnic group or culture is superior to that of others. _______ can seriously undermine other cultures.

A

Ethnocentricity

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3
Q

Detailed knowledge about a culture that enable a person to work happily and effectively within it.

_________ improves people’s ability to
manage employees, market products, and conduct negotiations in other countries.

A

Cross-Cultural Literacy

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4
Q

A group of people who share a unique way of life within a larger, dominant culture.

It can differ from the dominant culture in language, race, lifestyle, values,
attitudes, or other characteristics.

They are often glossed over by our impressions of national cultures. They share purchasing behaviors rooted in lifestyles or values that
allow marketers to address them with single worldwide campaign

A

Subculture

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5
Q

These are all the technology used in a culture to manufacture goods and provide services.

_____________ is often used to measure the technological advancement of a
nation’s markets or industries

A

Material Culture

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6
Q

Ideas, beliefs, and customs to which people are emotionally attached to.

It include concepts such as honesty, freedom, and responsibility. _______ are important to business because they can affect such things as a people’s work ethic, desire for material possessions, and focus on individuality versus the group.

A

Values

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7
Q

__________ reflect a people’s underlying values.

These are positive or negative
evaluations, feelings, and tendencies that individuals harbor toward objects or concepts.

A

Attitudes

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8
Q

Appropriate ways of behaving, speaking, and dressing in a culture.

A

Manners

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9
Q

The habits or ways of behaving in specific circumstances that are passed down through generations

Differ from manners in that they define appropriate habits or behaviors in specific situations.

A

Customs

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10
Q

______________ is behavior, often dating back several generations, that is practiced by a homogenous group of people.

The celebration of the Dragon Boat Festival in China and the art of belly dancing in Turkey are both _________. A popular custom is behavior share by a heterogenous group or by several groups

A
  1. Folk-Customs
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11
Q

__________ embodies a culture’s fundamental organization, including its groups and
institutions, its system of social positions and their relationships, and the process by which its resources are distribute.

_________ plays a role in many aspects of business, including production-site selection, advertising methods, and the costs of doing business in a country

A

Social Structures

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12
Q

_____________ is a collection of two or more people who identify and interact with each
other. Examples include family, friends, work teams, volunteer groups, self-help groups, religious communities, sport teams, investment groups, and study groups.

A

Social Group

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13
Q

________________ is a small group of people who share close personal relationships that form early in lie and endure through time.

________, such as one’s family and close friends, are instrumental to personal identity and development. These groups pass along a culture’s main foundational concepts.

A

Primary Group

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13
Q

______________ is larger, less personal, and less enduring than a primary group.

Typically develop later in life and are established to achieve a specific goal
such as company employees belonging to a project team

A

Secondary Group

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14
Q

___________ is one that people use as a standard (or reference) for their own
preferences, beliefs, attitudes, or behaviors. _________ groups help people determine if they are in conformity with the standards of members of the group to which they belong or aspire to belong.

These groups are often characterized by opinion leaders.

A

The Reference Group

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15
Q

The______________ consists of a person’s immediate relatives, including parents, brothers and sisters.

The ______________ broadens the nuclear family and adds grandparents, aunts and uncles, cousins, and relatives through marriage

A

Nuclear Family,
Extended Family

16
Q

An idea which group concerns (or society) are more important than individual needs and desires.

A

Collectivism

17
Q

A concept of which individual concerns take precedence over the welfare of the group.

A

Individualism

18
Q

___________ is the departure of highly educated people from one profession, geographic region or nation to another.

A

The Brain Drain Phenomenon

18
Q

Types of religions

A

Christianity ( biggest, 2B )
Islam ( 1.3 B)
Hinduism (Sri Lanka and Nepal)
Buddhism ( 380 M)
Judaism ( 1.8M)
Confucianism (EA and mostly ethnic China)

18
Q

This refers to the process of reducing or removing barriers to international trade, such as tariffs, import quotas, subsidies, and other restrictions, to encourage the free flow of goods and services across borders.

A

Trade Liberalization

18
Q

These are taxes imposed on imports. Trade liberalization often involves reducing or eliminating these ______ to make foreign goods cheaper and more competitive in domestic markets

A

Tariffs

18
Q

These include quotas, subsidies, and regulatory barriers that restrict trade.

Liberalization efforts aim to remove these as well to ensure a level playing field for international competition

A

Non-Tariff Barriers (NTBs)

18
Q

Major global organizations such as the World Trade Organization (WTO), regional agreements like the European Union (EU) or North American Free Trade Agreement (NAFTA), and bilateral trade deals work to standardize rules and regulations across countries and facilitate trade liberalization.

A

Global Trade Agreements

19
Q

Trade liberalization often includes the opening up of markets for foreign direct investment (FDI), allowing international investors to set up businesses, expand operations, or acquire assets in other countries

A

Investment Liberalization

20
Q

Potential Benefits of Trade Liberalization

A
  1. Economic Growth:
  2. Lower Consumer Prices
  3. Increased Competition
  4. Access to New Market
  5. Job Creation
21
Q

Potential Drawbacks or Challenges of Trade Liberalization

A
  1. Income Inequality
  2. Domestic Industry Displacement
  3. Loss of Sovereignty
  4. Environmental and Labor Concerns